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Hour Rate Dashboard SAYS "10% oDesk Fee", but the ACTUAL CALCULATED amount seems to be 11.11%. PLEASE EXPLAIN

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Steven H Member Since: Feb 27, 2015
11 of 11

So to figure it backwards, it would work like this...

 

If you want to pay your feelancer 20 (he or she receives 20), then the here is the formula to figure the hourly rate (y is the hourly rate):

 

20 + .1 y = y

 

20 = y - .1y or 20 = .9y

 

Therefore y = 20/.9 or 22.22

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