In words 'from the retail price subtract two thirds of the retail price to get the wholesale price of $55'
In math symbols
Now solve for x (the retail price)
I have a Retail Price of $165 and give a discount of 66.67% to get a Wholesale Price of $55.
The question is...
How do I calculate the Retail Price
if I am just given the Wholesale Price of $55 and know that the Retail Price x with a discount of 66.67% = $55 (rounded up)
but I need the result to be the retail price =x not the wholesale price =55
I need a calculation that I can use in Excel where -- Example numbers in ()
x is retail price (165)
y is a discount percentage (66%)
z is wholesale price (55)