The first formula gives you the actual cost after the discount has be removed.
--
Gary''s Student - gsnu200765


"Jennnifer" wrote:

If I receive a 7% rebate on my total cost of $100,00 why do the 2 formuals
produce differnet results?

=100,000*.93 = $93000

=100,000/1.07 = $93,457

Which is the correct formula to use?