Calculating Net from Gross
Say the gross is in G1 and the net is in N1
to get the gross from the net, in G1 enter:
=1.175*G1
to get the net from the gross, in N1 enter:
=N1/1.175
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Gary''s Student - gsnu200750
"Seldonian Crisis" wrote:
I need to be able to calculate the Net price when I only have the Gross
figure. The Gross figure equals Net + 17.5%, but sometimes I need to reverse
this and I don't know the calculation. At present I am using Gross*85.1% but
this is not accuarate in large figures. I have the 2003 version of Excel.
Thank you
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