Excel: how to find quotient

Elliott

Board Regular
Joined
Aug 8, 2005
Messages
73
Hi,

I am trying to set price X using the following formula

(([X]*0.861)+2.43)-[Y]=Z

X=price
Y=cost
Z=profit

what would I have to multiply X by for Z to always be =0.50

I realize this is a math question but I also need to write the formula in Excel.

many thanks,

Elliott
 

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Seti

Well-known Member
Joined
May 19, 2002
Messages
2,916
To always get a profit of .5, X would need to be defined as

[X]=(.5+[Y]-2.43)/0.861
 

Elliott

Board Regular
Joined
Aug 8, 2005
Messages
73
How would I state this to say, if Price <0 then Price = 0.1, otherwise is:

Price: Round((0.6+[cost]-2.42)/0.861,2)

many thanks,

Elliott
 

Aladin Akyurek

MrExcel MVP
Joined
Feb 14, 2002
Messages
85,201

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How would I state this to say, if Price <0 then Price = 0.1, otherwise is:

Price: Round((0.6+[cost]-2.42)/0.861,2)

many thanks,

Elliott

=MAX(0.1,ROUND(((0.6+A2-2.42)/0.861,2))

where A2 houses the cost value.
 

Elliott

Board Regular
Joined
Aug 8, 2005
Messages
73
How would this be written as an Access Query function?

Many Thanks,

Elliott
 

Aladin Akyurek

MrExcel MVP
Joined
Feb 14, 2002
Messages
85,201
How would this be written as an Access Query function?

Many Thanks,

Elliott

Price: IIf(Round((0.6+[Cost]-2.42)/0.861,2)<0.1,0.1,Round((0.6+[Cost]-2.42)/0.861,2))
 

Elliott

Board Regular
Joined
Aug 8, 2005
Messages
73
ahh, a gentemen and a scholar

it worked perfectly

MANY THANKS!!

Elliott :biggrin:
 

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