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Calculating Percentage Rent
excellent source for info. thanks for the help.
"Niek Otten" wrote:
And, for a more generic solution, look he
http://www.mcgimpsey.com/excel/variablerate.html
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Kind regards,
Niek Otten
"Duke Carey" wrote in message
...
Assume the gross is in cell A1. Use this:
=.07*min(500000,A1)+.03*max(0,A1-500000)
"Paul S" wrote:
How can I use excel to calculate percentage rent?
Example - I am the owner of a retail building and I lease to a deli. I
have
a lease that states I receive 7% of gross annual sales up to $500,000 and
3%
of gross annual sales over $500,000.
If I have the total gross annual sales in one column, is there an
equation
that I can use that will take the 7% of $500,000 and 3% of anything above
$500,000?
thank you
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