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#1
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Calculating Percentage Rent
How can I use excel to calculate percentage rent?
Example - I am the owner of a retail building and I lease to a deli. I have a lease that states I receive 7% of gross annual sales up to $500,000 and 3% of gross annual sales over $500,000. If I have the total gross annual sales in one column, is there an equation that I can use that will take the 7% of $500,000 and 3% of anything above $500,000? thank you |
#2
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Calculating Percentage Rent
Assume the gross is in cell A1. Use this:
=.07*min(500000,A1)+.03*max(0,A1-500000) "Paul S" wrote: How can I use excel to calculate percentage rent? Example - I am the owner of a retail building and I lease to a deli. I have a lease that states I receive 7% of gross annual sales up to $500,000 and 3% of gross annual sales over $500,000. If I have the total gross annual sales in one column, is there an equation that I can use that will take the 7% of $500,000 and 3% of anything above $500,000? thank you |
#3
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Calculating Percentage Rent
And, for a more generic solution, look he
http://www.mcgimpsey.com/excel/variablerate.html -- Kind regards, Niek Otten "Duke Carey" wrote in message ... Assume the gross is in cell A1. Use this: =.07*min(500000,A1)+.03*max(0,A1-500000) "Paul S" wrote: How can I use excel to calculate percentage rent? Example - I am the owner of a retail building and I lease to a deli. I have a lease that states I receive 7% of gross annual sales up to $500,000 and 3% of gross annual sales over $500,000. If I have the total gross annual sales in one column, is there an equation that I can use that will take the 7% of $500,000 and 3% of anything above $500,000? thank you |
#4
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Calculating Percentage Rent
perfect. thanks for the help!
"Duke Carey" wrote: Assume the gross is in cell A1. Use this: =.07*min(500000,A1)+.03*max(0,A1-500000) "Paul S" wrote: How can I use excel to calculate percentage rent? Example - I am the owner of a retail building and I lease to a deli. I have a lease that states I receive 7% of gross annual sales up to $500,000 and 3% of gross annual sales over $500,000. If I have the total gross annual sales in one column, is there an equation that I can use that will take the 7% of $500,000 and 3% of anything above $500,000? thank you |
#5
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Calculating Percentage Rent
excellent source for info. thanks for the help.
"Niek Otten" wrote: And, for a more generic solution, look he http://www.mcgimpsey.com/excel/variablerate.html -- Kind regards, Niek Otten "Duke Carey" wrote in message ... Assume the gross is in cell A1. Use this: =.07*min(500000,A1)+.03*max(0,A1-500000) "Paul S" wrote: How can I use excel to calculate percentage rent? Example - I am the owner of a retail building and I lease to a deli. I have a lease that states I receive 7% of gross annual sales up to $500,000 and 3% of gross annual sales over $500,000. If I have the total gross annual sales in one column, is there an equation that I can use that will take the 7% of $500,000 and 3% of anything above $500,000? thank you |
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