Price a function of supply and demand.
A company should use how much it needs you to determine the price, not what you used to be paid under different circumstances.
Do you go to Apple and demand the cost price of the iPhone and say I'll pay that plus 5%?
Does your company go to Microsoft and say I'll pay your cost price for office 365 plus 5%...or does it ask them for a price and perhaps if you are a large organization negotiate it.
Only Walmart and one or two other companies are able to bully their suppliers to give them their input cost and then determine the price from that.
Companies should ask what you would like to earn, or what they are prepared to pay, and you both decide if you will take the deal from there. Supply & demand, not demand and demand like a feudal lord.