I need to find the value of x for the following equation. The total of the
invoice is $1,000, but I need to find how much the original dollar amount was
without tax. The tax is 5.5% and is included in the total of $1,000. How
would a formula in excel be set up to be able to find out the original value
of the invoice without tax? The invoice will still need to equal $1000.00,
but I need to find the original number.

$1000 represents the original amount plus tax, i.e. 1.055 x original
amount. Thus, original amount =$1000/1.055, or in Excel terms if the
invoice is in A1:

=A1/1.055

giving $947.867.

Hope this helps.

Pete

On Jul 26, 3:44 pm, bpiepkorn
wrote:
I need to find the value of x for the following equation. The total of the
invoice is $1,000, but I need to find how much the original dollar amount was
without tax. The tax is 5.5% and is included in the total of $1,000. How
would a formula in excel be set up to be able to find out the original value
of the invoice without tax? The invoice will still need to equal $1000.00,
but I need to find the original number.

try this where e14=.055
=1000/(1+E14)

--
Don Guillett
Microsoft MVP Excel
SalesAid Software

"bpiepkorn" wrote in message
...
I need to find the value of x for the following equation. The total of the
invoice is $1,000, but I need to find how much the original dollar amount
was
without tax. The tax is 5.5% and is included in the total of $1,000. How
would a formula in excel be set up to be able to find out the original
value
of the invoice without tax? The invoice will still need to equal
$1000.00,
but I need to find the original number.

Assume that the $1000 is in cell A1

=A1/1.055
will give you the original invoice amount ($947.87 [.8673 to be more precise])
You can validate this with this formula
=1.055 * 947.87
turns out to be 1000.003, which will appear in currency format as $1000.00

If you had the interest in a cell, A2 for example, in percent format then
you could change the 1st formula to:
=A1/(1+A2)

"bpiepkorn" wrote:

I need to find the value of x for the following equation. The total of the
invoice is $1,000, but I need to find how much the original dollar amount was
without tax. The tax is 5.5% and is included in the total of $1,000. How
would a formula in excel be set up to be able to find out the original value
of the invoice without tax? The invoice will still need to equal $1000.00,
but I need to find the original number.

=A1/1.055
--
-John
Please rate when your question is answered to help us and others know what
is helpful.


"bpiepkorn" wrote:

I need to find the value of x for the following equation. The total of the
invoice is $1,000, but I need to find how much the original dollar amount was
without tax. The tax is 5.5% and is included in the total of $1,000. How
would a formula in excel be set up to be able to find out the original value
of the invoice without tax? The invoice will still need to equal $1000.00,
but I need to find the original number.