Question: What does 29% levied on labor mean for an excel calculation? Does this mean subtraction or addition due to the labor cost? Please provide an

What does 29% levied on labor mean for an excel calculation? Does this mean subtraction or addition due to the labor cost? Please provide an excel formula for the following.

1. Labor cost = $200 before the 29% levied on labor. How do you calculate the final cost including the labor %?

2. Labor cost = 150 before the 29% levied on labor. How do you calculate the final cost including the labor %?

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