LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1   Report Post  
Posted to microsoft.public.excel.worksheet.functions
JT
 
Posts: n/a
Default formulas / rounding

Were preparing a report and the detail commission values are rounded to two
decimals. I also calculate commission as Total Revenue x 5% (rounded to two
decimals). The problem is the sum of the rounded detail values does not
equal the Total Revenue x 5% value.

For example:

Total Revenue = $117,524.11 and the Commission = $5,876.21 (5%).

However, when multiplying the row-level detail by 5% and rounding to two
places and then summing the column I get $5,876.71, a $0.50 increase.

Is there anyway to add the rounded values at the detail level so that it
equals the Total Revenue x 5% or am I trying to mix apples and organes?

Thanks for the help.........

--
JT
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
how to minimize rounding error with complicated formulas Erick T. Excel Discussion (Misc queries) 1 January 25th 06 02:05 PM
Rounding Formulas Chandra Excel Discussion (Misc queries) 5 July 5th 05 05:18 PM
rounding a formula's number [email protected] Excel Worksheet Functions 2 March 9th 05 07:33 PM
formulas for rounding Mas Excel Discussion (Misc queries) 1 February 10th 05 06:46 PM
specific rounding of formulas which may need to include an IF stat Gerry Wilkins Excel Worksheet Functions 2 January 5th 05 04:11 AM


All times are GMT +1. The time now is 01:26 PM.

Powered by vBulletin® Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Copyright ©2004-2025 ExcelBanter.
The comments are property of their posters.
 

About Us

"It's about Microsoft Excel"