I need to pay someone after deducting $12\%$ commission. I want to pay him round amount of $10,000$ What is the formula to establish the $112\%$ figure so that once I have deducted my comm I will be left with $10,00$. I know the answer is not $11200$ because $11200 - 12\% = 9856$.
Please help me with a formula that will calculate $x - 12\%= 10,000$ or $x - 12\% = 7000$ or $x-12\% = 5000$.
Thanks so much, Maurice
One may observe that, in general, $$ x - a\%\:x=b $$ is just $$ \left(1-\frac{a}{100} \right)\times x=b $$ giving, if $a \neq 100$,