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Math Help - Need help with price calculation

  1. #1
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    Need help with price calculation

    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)
    Thanks
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  2. #2
    Member agentmulder's Avatar
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    Re: Need help with price calculation

    In words 'from the retail price subtract two thirds of the retail price to get the wholesale price of $55'

    In math symbols

     x - \frac{2x}{3} = 55

    Now solve for x (the retail price)

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  3. #3
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    Re: Need help with price calculation

    Thanks agentmulder,
    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)
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  4. #4
    Member agentmulder's Avatar
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    Re: Need help with price calculation

     x - \frac{xy}{100} = z

    or

     x(1 -\frac{y}{100}) = z

    or

     x = \frac{100z}{100 - y}

    Is it the last one you need? We get that by solving for x in the top one.

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  5. #5
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    Re: Need help with price calculation

    The last one is it. Thank you VERY MUCH agentmulder.
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