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Thread: Equation Request

  1. #1
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    Equation Request

    First of all, I apologize upfront for being a n00b leech kind of character, but frankly I'm not sure where else to turn for help other than forums full of math-savvy folk.
    I'm sure this for those here will be simple but I'm an adult long out of high school and college who doesn't usually touch numbers. For this, I also apologize.

    Recently, a company I work with enacted a 2.5% fee on processing funds. The cap is $250 which is obviously reached at $10,000 but for amounts lower than that, I'd very much like to have to way to calculate how much total I must process to get an even amount.

    So... let's say $5000 is the amount I want to end up with.
    I need to know a way to figure out the total amount x .025 = 5000
    It's obviously not as simple as 5000 x .025

    Anyone able (and obviously willing) to help?
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  2. #2
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    Re: Equation Request

    Quote Originally Posted by Bugtrot View Post
    First of all, I apologize upfront for being a n00b leech kind of character, but frankly I'm not sure where else to turn for help other than forums full of math-savvy folk.
    I'm sure this for those here will be simple but I'm an adult long out of high school and college who doesn't usually touch numbers. For this, I also apologize.

    Recently, a company I work with enacted a 2.5% fee on processing funds. The cap is \$250 which is obviously reached at \$10,000 but for amounts lower than that, I'd very much like to have to way to calculate how much total I must process to get an even amount.

    So... let's say \$5000 is the amount I want to end up with.
    I need to know a way to figure out the total amount x .025 = 5000
    It's obviously not as simple as 5000 x .025

    Anyone able (and obviously willing) to help?
    reposted to escape $ signs for readability.
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  3. #3
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    Re: Equation Request

    If I understand you, you want to determine the amount of transaction that results in a given processing fee.

    Let the desired fee amount be $x$, and the transaction value be $T$

    $x = 0.025 T$

    $T = \dfrac{x}{0.025} = 40x$

    so for example if you wants a \$100 fee you would need a \$4000 transaction.
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