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