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#1
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Algebra
Hello,
Maybe I'm missing something but I am having a bit of trouble using excel to solve an equation... The Algebra is : GP = (P - C) / P I know GP and I know C. I need to solve for P GP is gross profit % P is Price C is Cost. Anyone help me on this? Just drawing a blank... Thanks, Ernst. |
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#2
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From one among the algebraically challenged masses:
P = -C/(GP-1) ? "Ernst Guckel" wrote: Hello, Maybe I'm missing something but I am having a bit of trouble using excel to solve an equation... The Algebra is : GP = (P - C) / P I know GP and I know C. I need to solve for P GP is gross profit % P is Price C is Cost. Anyone help me on this? Just drawing a blank... Thanks, Ernst. |
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#3
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Hi
Or even P= C / (1-GP) as it seems a little more intuitive than working with the concept of negative Cost. Regards Roger Govier TooSimple wrote: From one among the algebraically challenged masses: P = -C/(GP-1) ? "Ernst Guckel" wrote: Hello, Maybe I'm missing something but I am having a bit of trouble using excel to solve an equation... The Algebra is : GP = (P - C) / P I know GP and I know C. I need to solve for P GP is gross profit % P is Price C is Cost. Anyone help me on this? Just drawing a blank... Thanks, Ernst. |
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#4
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Excel is not an algebraic manipulator. You can do the algebra yourself
(two equivalent solutions already posted) or you can use Solver to numerically approximate the solution (which might be needed with more complicated problems). Jerry Ernst Guckel wrote: Hello, Maybe I'm missing something but I am having a bit of trouble using excel to solve an equation... The Algebra is : GP = (P - C) / P I know GP and I know C. I need to solve for P GP is gross profit % P is Price C is Cost. Anyone help me on this? Just drawing a blank... Thanks, Ernst. |
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#5
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Thanks... Works great...
Ernst. "Roger Govier" wrote: Hi Or even P= C / (1-GP) as it seems a little more intuitive than working with the concept of negative Cost. Regards Roger Govier TooSimple wrote: From one among the algebraically challenged masses: P = -C/(GP-1) ? "Ernst Guckel" wrote: Hello, Maybe I'm missing something but I am having a bit of trouble using excel to solve an equation... The Algebra is : GP = (P - C) / P I know GP and I know C. I need to solve for P GP is gross profit % P is Price C is Cost. Anyone help me on this? Just drawing a blank... Thanks, Ernst. |
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