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9,758 Posts

My price is $113.21, competitor's is 26% - 31% less than mine. What is the competitor's price?

If you want to solve them all, I need 26% less and 31% less for -

$113.21

$169.84

and

$215.10

Thanks for the help.

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Joined

·
9,758 Posts

My price is $113.21, competitor's is 26% - 31% less than mine. What is the competitor's price?

If you want to solve them all, I need 26% less and 31% less for -

$113.21

$169.84

and

$215.10

Thanks for the help.

Joined

·
26,148 Posts

$83.78 - $78.11

125.68 - 117.19

159.17 - 148.42

125.68 - 117.19

159.17 - 148.42

Joined

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9,758 Posts

That's exactly what I had, but my boss says not, because he used this method.$83.78 - $78.11

125.68 - 117.19

159.17 - 148.42

"If brand is 26 -31% higher than the generic, to check the math you should be able to multiply the generic price times 1.26 or 1.31 and get the brand price. Although my numbers are approximate, try this math on your numbers - then mine."

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26,148 Posts

or brand price from generic as a percent increase?

a 26% or 31% decrease in price can not be back-calculated simply by multiplying by 1.26 or 1.31

you would have to multiply by 1.35128 (for 26%) or 1.44937 (for 31%)

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26,148 Posts

assume $100 and 25% discount:

$100 - 25% = $75

$75 * 1.3333 = $100

but

$75 * 1.25 = $93.75

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9,758 Posts

Brand to generic.

or brand price from generic as a percent increase?

a 26% or 31% decrease in price can not be back-calculated simply by multiplying by 1.26 or 1.31

you would have to multiply by 1.35128 (for 26%) or 1.44937 (for 31%)

I need to know the price of the generic if it is 26% less than the brand.

Brand is $133.21.

I know Generic price (G) x 1.26 = $133.21

G = 133.21/1.26 = 105.72

Wow, you just awaken my algebra skills. Thanks S/C. Green to you.

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6,256 Posts

Wow! You've heard that too?...and 15 year-olds don't think they need or will ever use math!!

For me, I use:

Trig - never

Geometry - periodically

Stats - regularly

Algebra - daily

(1.0 - x%) * Original Value = Discounted Price

(1.0 -.26) * 113.21 = 83.78

(1.0 + x%) * Discounted Value = Markup Price

(1.0 + x) * 83.78 = 113.21

83.78 + 83.78x = 113.21

-83.78 + 83.78 + 83.78x = 113.21-83.78

83.78x = 29.43

83.78x/83.78=29.43/83.78

x=35%

So while in this calculation 83.78 is 26% cheaper then your price, YOUR price is 35% higher then THEIR price.

The difference is you are using 26% of YOUR price the first time, and 35% of THEIR price the second.

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9,758 Posts

Thanks. I will file these examples away.

(1.0 - x%) * Original Value = Discounted Price

(1.0 -.26) * 113.21 = 83.78

(1.0 + x%) * Discounted Value = Markup Price

(1.0 + x) * 83.78 = 113.21

83.78 + 83.78x = 113.21

-83.78 + 83.78 + 83.78x = 113.21-83.78

83.78x = 29.43

83.78x/83.78=29.43/83.78

x=35%

So while in this calculation 83.78 is 26% cheaper then your price, YOUR price is 35% higher then THEIR price.

The difference is you are using 26% of YOUR price the first time, and 35% of THEIR price the second.

Joined

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7,913 Posts

You learn that math very quickly playing the stock market!

Your $100/share stock that takes a 20% hit is now worth $80/share but to get back to break even it's gotta rise by 25%.

Don't ask me how I know! :rotfl:

Glad that the 2Cool folks here were able to help you out on this one.

You are discounting the wholesale price by 26%. In other words you're comparing apples and oranges. Typically, a business owner/manager likes the Gross Profit method to figure out what price he needs to use to ultimately make a profit, as expenses are usually some % of GP.

However, in order to be competitive, you still have to understand how to discount your wholesale price to figure out why you are getting the shaft from your wholesaler, while your competitor is getting such a good deal...usually because they have bought in larger volume.

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