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I know this is more math than Excel, but I thought someone may know the
equation. Once I know the equation, I can do the formula with no problem. In a PayPal type example, let's say I charge someone $100 for a service and PayPal charges a 2.9% transaction fee. That's a total of $102.90. So how can I determine how much more to charge someone so that after the percentage fee has been subtracted, I will end up with the desired amount of $100? If I charge $102.90, then the transaction fee is now $2.98 and the the difference is $99.92 (but I need it to be $100, for this example) Does anyone know of an equation that will determine this regardless of the initial charge amount? Thanks. Paul -- |
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