Calculating percentages can be useful for various purposes such as analyzing survey results, tracking progress, or generating reports.
For example, if you want to calculate what percentage a certain value is of another value, you can use the formula: (Value A / Value B) * 100
In the variable type, select Formula, and write the formula to calculate the percentage.
🗄️ Old dashboard:
Here you can see the variable field and formula in the old dashboard editor:
Replace "Value A" and "Value B" with the field ID or values you want to use in your calculation.
Here is another example:
In the insurance estimation form, calculating the deductible percentage is essential for determining the portion of the coverage amount that the insured individual is responsible for covering before the insurance provider begins to pay out benefits.
Let's delve deeper into the formula provided:
Formula: (Deductible Amount / Total Coverage Amount) * 100
By dividing the Deductible Amount by the Total Coverage Amount and multiplying the result by 100, we obtain the deductible percentage.
This percentage indicates the proportion of the total coverage amount that the insured must bear as the deductible.
🗄️ Old dashboard:
Here you can see the variable field and formula in the old dashboard editor:
For instance, suppose the Deductible Amount is $500 and the Total Coverage Amount is $10,000. Applying the formula:
Deductible Percentage = ($500 / $10,000) * 100 = (0.05) * 100 = 5%
In this scenario, the deductible percentage is 5%, meaning the insured individual is responsible for covering 5% of the total coverage amount as the deductible.
You can see another example of percentage calculation here:
🧩 Template:
This online quotation form is used to provide clients with an estimate of their insurance costs. Insurance businesses can use this free online Insurance quote template by simply filling out the applicant's contact information, insurance plan details and costs, and any other additional relevant details.