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Increased percentage question
I am trying to determine how to go about generating a formmula for Excel
which will assit in working out a percentage increase. The scenario is as follows: An amount of $100 000 is to be distributed between 6 individuals at the rate of 15% each. Another individual is to receive 10% of the $100 000. One of the 6 individuals has withdrawn from the scheme and their 15% share is now to be distributed between the remainder of the individuals in proportion to the share that they would receive. For example each individual who is entitled to 15% would get a proportionately greater share then the one who is entitled to 10%. In essence I have a situtation where 85% of the available funds can be distributed as planned and I now need to determine the additional percentage that each individual will receive (based on whether they were to get 10% or 15%) due to the withdrawal of one party. What I need is a formula in which I can substitute the money values and percentage values as required on a case by case basis. Any help would be greatly appreciated. -- Confused Law Student |
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