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Need help with a formula
We're leasing a property and the terms of our lease state that we will pay
$100/month plus 3% of sales in EXCESS of $30,000/per month. So, if our sales were $40,000 for the month, we'd only pay 3% on $10,000. Please help! Thanks! |
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#2
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Need help with a formula
Try something like this:
For sales amount in A1 B1: =100+MAX(A1-30000,0)*3% Does that help? *********** Regards, Ron XL2002, WinXP-Pro "Lightfoot" wrote: We're leasing a property and the terms of our lease state that we will pay $100/month plus 3% of sales in EXCESS of $30,000/per month. So, if our sales were $40,000 for the month, we'd only pay 3% on $10,000. Please help! Thanks! |
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#3
Posted to microsoft.public.excel.worksheet.functions
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Need help with a formula
Perfect!! Thank you so much!
"Ron Coderre" wrote: Try something like this: For sales amount in A1 B1: =100+MAX(A1-30000,0)*3% Does that help? *********** Regards, Ron XL2002, WinXP-Pro "Lightfoot" wrote: We're leasing a property and the terms of our lease state that we will pay $100/month plus 3% of sales in EXCESS of $30,000/per month. So, if our sales were $40,000 for the month, we'd only pay 3% on $10,000. Please help! Thanks! |
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