From: Felicia Pickett on 24 Feb 2010 19:07 I have a billable rate of \$70 with a mark up percentage of 17.65%. How do I calculate the base rate? From: Eva on 24 Feb 2010 19:44 Hi 70/1.1765 so 70/1.1765 = 59.5 59.5*17.65%=10.51+59.5=70 -- Please click "yes" if this post helped you! Greatly appreciated Eva "Felicia Pickett" wrote: > I have a billable rate of \$70 with a mark up percentage of 17.65%. How do I > calculate the base rate? From: Fred Smith on 24 Feb 2010 22:44 (1+.1765)*X=70 X=70/(1.1765) X=59.50 Regards, Fred "Felicia Pickett" wrote in message news:FB923CF3-3657-4D7C-8225-33F1A0A7227A(a)microsoft.com...>I have a billable rate of \$70 with a mark up percentage of 17.65%. How do I > calculate the base rate? From: Ashish Mathur on 28 Feb 2010 07:26 =17.65%/(1+17.65%)*70 -- Regards, Ashish Mathur Microsoft Excel MVP www.ashishmathur.com "Felicia Pickett" wrote in message news:FB923CF3-3657-4D7C-8225-33F1A0A7227A(a)microsoft.com...> I have a billable rate of \$70 with a mark up percentage of 17.65%. How do > I > calculate the base rate?  |