Your buy price is (100-6)% = 94% of the RRP price. Your supplier get's 5% of that, so (100-5)% = 95% seems to be the amount you are looking for. So, your buy price is .94 RRP. Your supplier buying price is .893 RRP.
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.
Any help?
i am given the final price RRP. But how can i find the supplier buy (SBP) price in one calculation that when added by 5% will equal My Buy Price (MBP). MBP is calculated by RRP - 6%.
RRP - 6% = MBP
SBP + 5% = MBP
Hope that makes sense.
it is difficult to explain.
is there a way I can consistently find SBP by deducting a certain percentage from RRP
So, $\text{MBP} = 1.05 \text{SBP}$ and $\text{MBP} = .94 \text{RRP}$. Setting those two equations equal gives $1.05\text{SBP} = .94\text{RRP}$. Solving for $\text{SBP}$ gives:
$\text{SBP} = \dfrac{94}{105}\text{RRP}$
If you prefer percentages, then SBP is approximately RRP - 10.58%