Formula to find the base amount [Closed]

Carlo1991 - Dec 3, 2017 at 05:40 PM - Latest reply: Ambucias 47882 Posts Monday February 1, 2010Registration dateModeratorStatus December 17, 2017 Last seen
- Dec 3, 2017 at 05:56 PM
Hello,

I have new taxation laws that apply my organization from January.

The current taxes are 10% +10%
So if it was 100 it came upto 120

Now they have introduced one more variable. It is 10% + 10% + (another 5% on base with one 10%)

so 100 + 10 + 10 +( 110*5%) =125.5

I know how to set up the formula to calculate the tax. But how do I get the base amount if I have the amount with taxes?

For example, How do I set up a formula to find 100 if I know the total amount is 125.5?

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1 reply

Ambucias 47882 Posts Monday February 1, 2010Registration dateModeratorStatus December 17, 2017 Last seen - Dec 3, 2017 at 05:56 PM
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Greetings,

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