if i received a check for $520,662 and my contract took out 8%, what was the original price?

Guest Jun 12, 2017

#1**0 **

if i received a check for $520,662 and my contract took out 8%, what was the original price?

Let the original amount = M, then we have:

M x [100% - 8%] = $520,662

M x 0.92 = $520,662 divide both sides by 0.92

M = $520,662 / 0.92

**M = $565,936.96 - This is the original amount before 8% deduction.**

Guest Jun 12, 2017