I am looking to find an equation for a work problem.
I am a broker of a service and get 6% discount off a RRP. value of eg 100.
- so my buy price will be 94.
- My supplier makes 5% on the price that I buy at eg. 89.53
is there an equation for knowing what my supplier buy price is from the RRP?
The RRP varies dramatically so could be 867, 350 etc and I need a generic calculation so that I can deduct a certain % from RRP to get my buying price and the supplier buying price.