I have a worksheet that I am figguring commissions on each sale. When a
customer pays by credit card, i have to deduct out of my gross profit margin
2.99% to cover for the Processing fee of the card. What I currently do right
now is calculate that myself, what I would like to do is see if there is a
formula to automatically deduct the 2.99% from the gross profit margin. An
example of what my sheet looks like:
In Column A I have : Date
In Column B I have : Customer Number
In Column C I have : Gross Profit Margin
In Column D I have : Commissions Which right now has this formula in it
=C70*$B$4
In Column E I have : Visa, MC, Terms, AMEX, Discover (Either one depending
upon the card used.)

What I would like to do is if i select any of the credit cards in column E
it would automatically minus 2.99% off of the number in Column C.

Please help me if you can

try this

=C1-((C1*0.299)/10)

hope this helps!!
--
Pranav Vaidya
VBA Developer
PN, MH-India
If you think my answer is useful, please rate this post as an ANSWER!!


"Eric Svatik" wrote:

I have a worksheet that I am figguring commissions on each sale. When a
customer pays by credit card, i have to deduct out of my gross profit margin
2.99% to cover for the Processing fee of the card. What I currently do right
now is calculate that myself, what I would like to do is see if there is a
formula to automatically deduct the 2.99% from the gross profit margin. An
example of what my sheet looks like:
In Column A I have : Date
In Column B I have : Customer Number
In Column C I have : Gross Profit Margin
In Column D I have : Commissions Which right now has this formula in it
=C70*$B$4
In Column E I have : Visa, MC, Terms, AMEX, Discover (Either one depending
upon the card used.)

What I would like to do is if i select any of the credit cards in column E
it would automatically minus 2.99% off of the number in Column C.

Please help me if you can

No this really did not work. What Column would i put it in? I need it to
deduct IF visa, MC, AMEX, Discover is selected.

"Eric Svatik" wrote:

I have a worksheet that I am figguring commissions on each sale. When a
customer pays by credit card, i have to deduct out of my gross profit margin
2.99% to cover for the Processing fee of the card. What I currently do right
now is calculate that myself, what I would like to do is see if there is a
formula to automatically deduct the 2.99% from the gross profit margin. An
example of what my sheet looks like:
In Column A I have : Date
In Column B I have : Customer Number
In Column C I have : Gross Profit Margin
In Column D I have : Commissions Which right now has this formula in it
=C70*$B$4
In Column E I have : Visa, MC, Terms, AMEX, Discover (Either one depending
upon the card used.)

What I would like to do is if i select any of the credit cards in column E
it would automatically minus 2.99% off of the number in Column C.

Please help me if you can

As a matter of interest, why
=C1-((C1*0.299)/10) rather than
=C1-(C1*2.99%) or
=C1-(C1*2.99/100) ?

Of course, I doubt whether this gives the numbers the OP needs, as I would
have thought the deduction should be 2.99% of the transaction, not 2.99% of
the profit margin, but that's a different question from what the OP asked,
and the OP doesn't seem to have included the transaction amount in the data
provided.
--
David Biddulph

"Pranav Vaidya" wrote in message
...
try this

=C1-((C1*0.299)/10)

hope this helps!!
--
Pranav Vaidya
VBA Developer
PN, MH-India
If you think my answer is useful, please rate this post as an ANSWER!!


"Eric Svatik" wrote:

I have a worksheet that I am figguring commissions on each sale. When a
customer pays by credit card, i have to deduct out of my gross profit
margin
2.99% to cover for the Processing fee of the card. What I currently do
right
now is calculate that myself, what I would like to do is see if there is
a
formula to automatically deduct the 2.99% from the gross profit margin.
An
example of what my sheet looks like:
In Column A I have : Date
In Column B I have : Customer Number
In Column C I have : Gross Profit Margin
In Column D I have : Commissions Which right now has this formula in it
=C70*$B$4
In Column E I have : Visa, MC, Terms, AMEX, Discover (Either one
depending
upon the card used.)

What I would like to do is if i select any of the credit cards in column
E
it would automatically minus 2.99% off of the number in Column C.

Please help me if you can

Where would I put this formula?

No our commission is based off of 10% of Gross Profit Margin, but when ever
a credit card is used we get charged the 2.99% per transaction off of the
total gross Profit, then we are given our commissions after that deduction is
made.

"David Biddulph" wrote:

As a matter of interest, why
=C1-((C1*0.299)/10) rather than
=C1-(C1*2.99%) or
=C1-(C1*2.99/100) ?

Of course, I doubt whether this gives the numbers the OP needs, as I would
have thought the deduction should be 2.99% of the transaction, not 2.99% of
the profit margin, but that's a different question from what the OP asked,
and the OP doesn't seem to have included the transaction amount in the data
provided.
--
David Biddulph

"Pranav Vaidya" wrote in message
...
try this

=C1-((C1*0.299)/10)

hope this helps!!
--
Pranav Vaidya
VBA Developer
PN, MH-India
If you think my answer is useful, please rate this post as an ANSWER!!


"Eric Svatik" wrote:

I have a worksheet that I am figguring commissions on each sale. When a
customer pays by credit card, i have to deduct out of my gross profit
margin
2.99% to cover for the Processing fee of the card. What I currently do
right
now is calculate that myself, what I would like to do is see if there is
a
formula to automatically deduct the 2.99% from the gross profit margin.
An
example of what my sheet looks like:
In Column A I have : Date
In Column B I have : Customer Number
In Column C I have : Gross Profit Margin
In Column D I have : Commissions Which right now has this formula in it
=C70*$B$4
In Column E I have : Visa, MC, Terms, AMEX, Discover (Either one
depending
upon the card used.)

What I would like to do is if i select any of the credit cards in column
E
it would automatically minus 2.99% off of the number in Column C.

Please help me if you can

I'm even more confused than I was. If someone else understands you then
they can answer you. As with many problems on this group, the main
difficulty isn't with the Excel implementation, but in clarifying the
question as to what arithmetic needs doing and where your data are hidden.
--
David Biddulph

"Eric Svatik" wrote in message
...
Where would I put this formula?

No our commission is based off of 10% of Gross Profit Margin, but when
ever
a credit card is used we get charged the 2.99% per transaction off of the
total gross Profit, then we are given our commissions after that deduction
is
made.

"David Biddulph" wrote:

As a matter of interest, why
=C1-((C1*0.299)/10) rather than
=C1-(C1*2.99%) or
=C1-(C1*2.99/100) ?

Of course, I doubt whether this gives the numbers the OP needs, as I
would
have thought the deduction should be 2.99% of the transaction, not 2.99%
of
the profit margin, but that's a different question from what the OP
asked,
and the OP doesn't seem to have included the transaction amount in the
data
provided.
--
David Biddulph

"Pranav Vaidya" wrote in message
...
try this

=C1-((C1*0.299)/10)

hope this helps!!
--
Pranav Vaidya
VBA Developer
PN, MH-India
If you think my answer is useful, please rate this post as an ANSWER!!


"Eric Svatik" wrote:

I have a worksheet that I am figguring commissions on each sale. When
a
customer pays by credit card, i have to deduct out of my gross profit
margin
2.99% to cover for the Processing fee of the card. What I currently
do
right
now is calculate that myself, what I would like to do is see if there
is
a
formula to automatically deduct the 2.99% from the gross profit
margin.
An
example of what my sheet looks like:
In Column A I have : Date
In Column B I have : Customer Number
In Column C I have : Gross Profit Margin
In Column D I have : Commissions Which right now has this formula in
it
=C70*$B$4
In Column E I have : Visa, MC, Terms, AMEX, Discover (Either one
depending
upon the card used.)

What I would like to do is if i select any of the credit cards in
column
E
it would automatically minus 2.99% off of the number in Column C.

Please help me if you can

Presumably you enter the Gross Profit Margin manually, so it would be
difficult to apply a 2.99% reduction to it, as your entry would
overwrite any formula set up there. Better to adjust the formula in
column D. You seem to be working in row 70, so change the formula to
this:

=if(E70="",C70*$B$4,C70*$B$4*0.9701)

Hope this helps.

Pete

On Sep 25, 4:42 pm, Eric Svatik
wrote:
No this really did not work. What Column would i put it in? I need it to
deduct IF visa, MC, AMEX, Discover is selected.



"Eric Svatik" wrote:
I have a worksheet that I am figguring commissions on each sale. When a
customer pays by credit card, i have to deduct out of my gross profit margin
2.99% to cover for the Processing fee of the card. What I currently do right
now is calculate that myself, what I would like to do is see if there is a
formula to automatically deduct the 2.99% from the gross profit margin. An
example of what my sheet looks like:
In Column A I have : Date
In Column B I have : Customer Number
In Column C I have : Gross Profit Margin
In Column D I have : Commissions Which right now has this formula in it
=C70*$B$4
In Column E I have : Visa, MC, Terms, AMEX, Discover (Either one depending
upon the card used.)

What I would like to do is if i select any of the credit cards in column E
it would automatically minus 2.99% off of the number in Column C.

Please help me if you can- Hide quoted text -

- Show quoted text -