Maths question

A[L]C

A[L]C

A[L]C

Soldato
Joined
18 Oct 2002
Posts
7,515
Location
Maidenhead
Hi all,

I can't for the life of me work out what the calculation for these would be.

1) If you purchased an item and you want to sell it, but the selling fee is 5%, how do you calculate what is the minimum price you should sell it for to break even?

2) Knowing the selling fee is 5%, based on an identified selling price, what is the highest price you should buy at to make a profit.

Thanks
 
I don't think so... using that, if an item was 1200, *1.05 = 1260, but if you sold for that you'd only get 1197.
 
Thanks. I'm messing around with trading in Fifa, so not homework :D. Workings is great as that's what I needed to put it in excel.
 
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