How do you call the result of a number minus one-hundred?

Question

This is an equation to calculate the Selling price:

(Direct Cost / (100 - Desired Profit)) * 100

How do you call the result of (100 - Desired Profit)? Say I wanna say, "Selling Price: Direct Cost divided by ??? and multiplied by one-hundred."

(I think percentage isn't the right word.)

Answer 1

First, desired profit is the markup rate. Note, since you are using 100 in this formula the market rate must be input as a percentage, not decimal. "100 - markup rate" does not have a name. I suppose you could call it the markup rate complement. Technically, that's what is its. Complementary percentages simply add up to 100%.

It might be helpful to see where the formula comes from. What you are looking for is a selling price that equals cost plus a percentage (the markup rate) of the selling price. Or:

$S = C + SM$

$S - SM = C$ (Solving for S)

$S(1-M) = C$

$S = \frac{C}{1-M}$

This is the same formula, but enter the markup rate as a decimal and you do not have to multiply by 100.