Hi Chirag, This is the best document that we have to clarify your concern here. You could refer to the 'How bid adjustments work' section of this article. To clarify better, say, if you want to increase the bid by 20% and your starting bid is $1, then the resulting bid will be the sum of starting bid and percentage increase in the bid: $1 + ($1 x 20%) = $1.20. In the same way, say you want to decrease the bid by 20%, and your starting bid is $1, then the resulting bid will be $1 - ($1 x 20 %) = $0.80. So, you have to keep the track of your starting bid and then increase or decrease the bid based on:(starting bid + (starting bid x bid percentage)). Let us know if this helps.
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