I have a database of prices that already have a 10% discount.
For example a product could be $100 after a 10% discount. Is there a reusable formula I can use to determine what the original price was of all the 10% discounted prices in the database?
Edit: Thank you for the fast responses. Is there any way to account for rounding errors? A real example is a product with a discounted price of \$129.00 Using the X/.9 formula, I get \$143.33 as the original price, which does not actually work out. To have had \$129.00 as the discount price, the original price would have needed to have been \$143.34.
Best Answer
More general:
Then it holds
With this formula you are able to calculate the prices even if there is another discount offered.
In your special case you have $d=10$ thus the formula leeds to:
$$\left(\frac{100-10}{100}\right)\cdot p_{orig} = p_{disc}$$