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Tractor Talk Discussion Board

Re: calculating operating costs

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Posted by Joe in the snow on March 25, 2007 at 10:55:33 from (209.81.107.110):

In Reply to: Re: calculating operating costs posted by omahagreg on March 25, 2007 at 10:16:17:

Your calculation gives you a markup that is closer to 26% than it is to 25%. If you wish to calculate a sum of which 10% is markup and 90% is your cost,divide your cost by 9/10. $100 divided by .9 gives you $111.11 rounded off to the nearest whole cent.

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