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![]() Here's my view. Say I have a product with my cost of $100.00 I want to add 28% to that. I think I should end up at $128.00. My math is simply $10.00*1.28 = $12.80 However, I have had someone else tell me that I'm wrong and need to do the following. First. 100-x=y Second. 100/y=z Third. A*z=$$$.$$ So, First. 100-28 = 72 Second. 100/72 = 1.38888889 Third. 10*1.3889 = $13.89 Now to me this person is crazy. I mean I sold stuff for years and sales tax wasn't that complicated. If something was $10.00 + %5.75tax, the total is $10.58. Not 100-5.75 = 94.25, 100/94.25 = 1.061007, $10.00*1.061007 = $10.61 Why would he think that he's correct? Is it some accounting practice, but not real world practice? Or maybe something a person not originally from the US would have learned? Thanks for clearing this up. -- submissions: post to k12.ed.math or e-mail to private e-mail to the k12.ed.math moderator: newsgroup website: http://www.thinkspot.net/k12math/ newsgroup charter: http://www.thinkspot.net/k12math/charter.html |
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