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#1
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Formula or calculation for discount
Hi
I am a novice use of Excel but I need to create a calculation for my small business so my employees quote our clients correctly. I own a limousine company so we will often offer a discount off the base rate for a ride to entice the customer however we only discount the base rate not the gratuity & fuel charge. I need a calculation that I can have my employees just plug in to quote correctly and quickly b/c once they quote we have to stand by it but most of them are quoting incorrectly. Example the correct way is this. Base rate is $100 Gratuity is 20% or $20.00 Fuel is 10% or $10.00 With a 10% discount off the base rate it would be $90.00 plus 20% gratuity and 10% the correct quote with a 10% discount would be $90.00 base, $20.00 gratuity b/c we do not discount gratuity and $10.00 for fuel we don't discount this either. The correct total is $120.00 What employees are doing is discounting 10% off base rate for equaling $90 then adding 30% (gratuity & base) based on $90. This would total $117 b/c they are discounting the gratuity & fuel charge and they should not be. Can anyone help please? Thank you Jason Thank you Jason -- JWD |
#2
Posted to microsoft.public.excel.misc
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Formula or calculation for discount
A2 is base charge ($100)
A3 is discount (10%) A4 is gratuity (20%) A5 is fuel (10%) Formula is: =A2*A5+A2*A4+A2*(1-A3) This will calculate your correct charge. Note that you can add in an IF function possibly, if you want to setup a criteria as to whether or not a discount is given. -- Best Regards, Luke M *Remember to click "yes" if this post helped you!* "Jay" wrote: Hi I am a novice use of Excel but I need to create a calculation for my small business so my employees quote our clients correctly. I own a limousine company so we will often offer a discount off the base rate for a ride to entice the customer however we only discount the base rate not the gratuity & fuel charge. I need a calculation that I can have my employees just plug in to quote correctly and quickly b/c once they quote we have to stand by it but most of them are quoting incorrectly. Example the correct way is this. Base rate is $100 Gratuity is 20% or $20.00 Fuel is 10% or $10.00 With a 10% discount off the base rate it would be $90.00 plus 20% gratuity and 10% the correct quote with a 10% discount would be $90.00 base, $20.00 gratuity b/c we do not discount gratuity and $10.00 for fuel we don't discount this either. The correct total is $120.00 What employees are doing is discounting 10% off base rate for equaling $90 then adding 30% (gratuity & base) based on $90. This would total $117 b/c they are discounting the gratuity & fuel charge and they should not be. Can anyone help please? Thank you Jason Thank you Jason -- JWD |
#3
Posted to microsoft.public.excel.misc
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Formula or calculation for discount
Hi,
It sounds like your fuel and grat. are fixed, so you can use the simple formula =B1*(1.3-B2) where B1 is the undiscounted rate and B2 is the percent discount entered as a percent. -- If this helps, please click the Yes button. Cheers, Shane Devenshire "Luke M" wrote: A2 is base charge ($100) A3 is discount (10%) A4 is gratuity (20%) A5 is fuel (10%) Formula is: =A2*A5+A2*A4+A2*(1-A3) This will calculate your correct charge. Note that you can add in an IF function possibly, if you want to setup a criteria as to whether or not a discount is given. -- Best Regards, Luke M *Remember to click "yes" if this post helped you!* "Jay" wrote: Hi I am a novice use of Excel but I need to create a calculation for my small business so my employees quote our clients correctly. I own a limousine company so we will often offer a discount off the base rate for a ride to entice the customer however we only discount the base rate not the gratuity & fuel charge. I need a calculation that I can have my employees just plug in to quote correctly and quickly b/c once they quote we have to stand by it but most of them are quoting incorrectly. Example the correct way is this. Base rate is $100 Gratuity is 20% or $20.00 Fuel is 10% or $10.00 With a 10% discount off the base rate it would be $90.00 plus 20% gratuity and 10% the correct quote with a 10% discount would be $90.00 base, $20.00 gratuity b/c we do not discount gratuity and $10.00 for fuel we don't discount this either. The correct total is $120.00 What employees are doing is discounting 10% off base rate for equaling $90 then adding 30% (gratuity & base) based on $90. This would total $117 b/c they are discounting the gratuity & fuel charge and they should not be. Can anyone help please? Thank you Jason Thank you Jason -- JWD |
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