Example:
lets say I would like to have $100 in my pocket after the sale. But Ebay + Paypal fees are 13.2% of the final sale price, so I need to add 13.2% to my $100, thus my final sale amount becomes $113.2 Now deducting 13.2% from this amount will give me less than $100 ($98.25).
By a trial and error I've found a percentage by which my $100 has to be increased in order to get $100 after the fees. That percentage is roughly 15.21%, $100+15.21%=$115.21, $115.21-13.2%=$100.002. So from the above example it looks like I have to increase the 13.2% by 2.01 to get 15.21% (by which I have to increase my sale price). However this 2.01 increase only applies to 13.2%. If 13.2% is changed to any other number the above calculation won't work.
What is a proper math formula to calculate something like that, so it can apply to any percentage?
thanks for any help
lets say I would like to have $100 in my pocket after the sale. But Ebay + Paypal fees are 13.2% of the final sale price, so I need to add 13.2% to my $100, thus my final sale amount becomes $113.2 Now deducting 13.2% from this amount will give me less than $100 ($98.25).
By a trial and error I've found a percentage by which my $100 has to be increased in order to get $100 after the fees. That percentage is roughly 15.21%, $100+15.21%=$115.21, $115.21-13.2%=$100.002. So from the above example it looks like I have to increase the 13.2% by 2.01 to get 15.21% (by which I have to increase my sale price). However this 2.01 increase only applies to 13.2%. If 13.2% is changed to any other number the above calculation won't work.
What is a proper math formula to calculate something like that, so it can apply to any percentage?
thanks for any help