No need for numeric optimization or even XL. Just algebra.
Suppose the cost is C. Suppose your percent commission is P. Suppose
the $ income from the commission is I. Then,
I=C*P/100.
That yields C=I*100/P.
So, if you want I to be $20 and P is 60%, C must be 20*100/60 = $33.33
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Tushar Mehta
www.tushar-mehta.com
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In article ,
says...
I have the cost of the product, the percentage of the commission I am paid on
the product and the dollar amount that I want to make in commission. Is
there a way for Excel to figure the "x" amount that will have to be added to
the cost, the sum of which when multilplied by 60% will give me a set amount
of $20.00?u.
Thank you for any help,.