Maths Puzzle
A = 10 (COST)
B = 20 (Sell Price)
C = 15% (Fee)
D = Tax at 20% or 1/6th if you are taking it away
E = Margin
B x C = 3.60
B / 6 in Reverse = 3.33
E = B - A - (B x C) - (B / 6) = 3.07
Ok The above works correct when i i provide B Sell Price
I want a formula that will Give me E, If i say E = 3.07 It says B = 20
How would i do that, the math
Any boffins can help
Thanks
First:
You did not use D: I suppose instead of B / 6, it should read B x D, where D can be either 20% or 16,666...%
There is a mistake: B x C is not 3.60 for the given values (B=20, C=15%), it is 3.
This is a matter of mathematical deduction:
Given the equation:
E = B - A - (B x C) - (B x D)
Add A to both sides:
E + A = B - (B x C) - (B x D)
Isolate B:
E + A = B x (1 - C - D)
Divide both sides by (1 - C - D). Condition: C + D cannot equal 100%
(E + A) / (1 - C - D) = B
So there is your formula for calculating B. Take note of the condition: this only holds true when C + D is not equal to 100%.