Well, the complication is, when you add, say, 15 oz. of oil you're suddenly working with 143 oz. rather than 128 oz., so it takes a little more yet to get to the percentage I want...namely 3+ more oz. yet, total 18 (I actually used 19). With 147 oz., it is 1.47 oz. per percentage point. for +12% it = 17.64, close enough. Maybe I have closer to 23% oil.
But that is an interesting, and very handy way, of calculating it. A guy could just about do it in his head. Just have to remember you're adding to the total quantity as well as percentages.