Percentages - Reversing a Percentage Calculation?
Posted on 2008-06-18
I have a trade price of an item, for example £30.00.
When we buy this item, the supplier gives us a discount of 10%
The Gross Trade Price is then £27.00 (30.00 - 10%)
This is my problem, I need to calculate the Trade price if the supplier only tells us the Gross Trade Price.
My Question is, how do i get the value of £30.00 from the values £27.00 and 10% ??
i.e. 10% of 27 is 2.7 ... not 3!