I have a simple math question. I am trying to find out what the base price is of the total that includes a fee.
Example:
I have a total of $200.00 which includes a 6% fee. I need to break this down in my report to show the base of <$$$> and the fee of <$$$> to equal $200.00. I know this is a simple accounting formula but I completely forgot how to do this.
Thanks,
Example:
I have a total of $200.00 which includes a 6% fee. I need to break this down in my report to show the base of <$$$> and the fee of <$$$> to equal $200.00. I know this is a simple accounting formula but I completely forgot how to do this.
Thanks,