What % is 5 minute of 72,000 minutes

Question

I'm trying to calculate the man-hours savings of reducing the time it took to perform a manual check (72,000 minutes) vs an automated check (5 minutes)

Answer 1

Percent increase or decrease is found by the following:

 

[(New Value - Old Value) ÷ (Old Value)] × 100 = _____ %

 

Be careful to use the grouping symbols as given.

 

Positive result is the percent increase.

 

Negative result is the percent decrease.