TCM1000611 - How to calculate whether an income figure falls within the daily rate percentage parameter

Step 1

Note: You will be using the daily rate income figure obtained from the customers returned IYS17 notice and the daily rate figure obtained from 鈥楢pplication Correction鈥� for UY-1.

  • make a note of the daily rate figure from the IYS17 notice. This will be figure one
  • make a note of the daily rate figure calculated from 鈥楥orrection鈥� for UY-1. This will be figure two
  • subtract figure two from figure one and make a note of this figure
  • divide the figure obtained by figure one
  • multiply by 100. This will be the difference as a percentage.

For example: The IYS17 figure is 12,000 (figure one). The 鈥楥orrection鈥� figure is 7,000 (figure two). 12,000 minus 7,000 equals 5,000. You then divide 5,000 by 12,000 (figure one). This equals 0.41. When multiplied by 100, this equates to a percentage difference of 41 percent.

Note: Depending on the parameter as obtained from your manager, you can ascertain whether the percentage change is within the agreed parameter.