Please help with an excel mathematical formula
r = pay rate (say 1.13)
p : extra profit in percentage on b ( say 50% more on b)
previos lost bet: a (say 100)
estimated new bet : b
total receivable : b x r ( should be greater than a+b and with extra
profit of 50% on b)
Please help with a formula as to decide the value of b !
Thanks in advance
Eduardo
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