Anyone good at % calculations please?

[LastTimeLosingIt]

Hi,

I cannot work out how to work this out - but know that some clever Mumsnetters will be able to help.

Say I've been quoted £5,000 for something, knowing that I have a 63.5% discount to get to that price. How much was the item originally please?

And then next year, my discount will only be 50%. How much will my quote be next year please assuming no inflationary increases?

And then the year after, my discount will only be 25%. How much will it be then?

If anyone can tell me what formula I need to type into an excel spreadsheet so I can apply this across different quotes, I'd be extra grateful.

Thanks in advance

You got the right answer but your first line has a typo - the division is by 0.365 (not 0.635).

Thanks for all the replies. I have successfully applied the principles to all my options . I had to laugh at the debate...at least it's not just me!

If a firm is throwing percentages of percentages at you instead of straight figures, I'd say you can safely assume that they're scam merchants happy to take advantage of people's insecurity around numeracy.

This is where companies get away with cheating people / losing out by misunderstanding VAT

VAT is 20%.

A car costs £15000 with VAT. What did it cost before VAT was added?

If you get a 63.5% discount, then you are paying 36.5% of the original price.

If X is the original price, then X * 0.365 = new price

So New Price / 0.365 = original price

£5000 / 0.365 = £13698.63

As has been pointed out by some others.