Ok so this should be pretty basic but I am just gut checkign myself!
I have a P&L - where we for example make 13% of a budget in commission.
So example. Cost is $75,500 - and we make 13% on top of that.
I know in excel percentages can be funky so... should I be figuring out the commission by either A OR B below?
A. $75,500 *13% = $9.815 in commission
OR
B. $75,500 - ($75,500/1.13) = $8,685 in commission.
And which one is correct and why? HELP!
Thanks!
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