EQ- What is percent of error and how do I calculate it? Error- The difference between an approximate and exact value. Percent Error – the difference between approximate and exact values written as a percentage of the exact value. Formula: % error = |estimated value - actual value| x 100 % actual value How to calculate: Step 1: Calculate the error (subtract one value form the other) and take the absolute value. Step 2: Divide the error by the exact value (you will get a decimal number) Step 3: Convert that to a percentage (by multiplying by 100 and adding a "%" sign) Example: Jamal needs to purchase a countertop for his kitchen. Jamal measured the countertop as 5 ft. The actual measurement is 4.5 ft. What is Jamal’s percent error?