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Mnemonic Monday - PED Calculation

Jim Riley

19th October 2009

Whilst marking hundreds of OCR papers over the summer, I noticed a lot of students understood PED but mistakenly put price on the top of the calculation and quantity on the bottom. Here is a very simple way to make sure pupils always put % change in quantity on the top and % change in price on the bottom for PED.

Formula for PED

Always make sure quantity is on top and price is on the bottom

Queen is always above the Pauper (or poor guy)


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Jim Riley

Jim co-founded tutor2u alongside his twin brother Geoff! Jim is a well-known Business writer and presenter as well as being one of the UK's leading educational technology entrepreneurs.

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