I am trying to make an equation in Excel. I want to figure out what a dollar amount is before adding the tax. The end total is a rounded number. So if the tax is 9.25% and I want to price the item at $18 (after adding the tax).
So the algebra equation is going to be:
X * .0925 = Y
Y + X = 18
I get Y = 1.5240 and X = 16.476
How do I get Excel to calculate X and Y for me after inputting .0925 and 18?
Thanks
Jason