how to calculate billable rate using base rate and percentage

[Felicia Pickett]

I have a billable rate of $70 with a mark up percentage of 17.65%. How do I
calculate the base rate?

 

[Eva]

Hi
70/1.1765
so
70/1.1765 = 59.5
59.5*17.65%=10.51+59.5=70

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Please click "yes" if this post helped you!

Greatly appreciated

Eva

 

[Fred Smith]

(1+.1765)*X=70
X=70/(1.1765)
X=59.50

Regards,
Fred

 

[Ashish Mathur]

=17.65%/(1+17.65%)*70

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Regards,

Ashish Mathur
Microsoft Excel MVP
www.ashishmathur.com