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Reply from Ron Roberts on Aug 29 at 4:18 PM To show the calculation correctly, it is really GA = NA + (NA x R/(100-R))
For example, if 100 = gross and 80 = net, that is a discount of 20% of the 100. So 100 = 80 + (80 x 20/(100-20)) simplified 100 = 80 + (80x20/80) and simplified again 100 = 80 + (80 x .25) which is 100 = 80 + 20.
Try it...the math works.
| | | ---------------Original Message---------------
From: LadyTR
Sent: Friday, August 29, 2014 3:51 PM
Subject: Grossing Up
GA = NA + (NA x R/100-R) why is it -R and not R/100 |
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