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Help with formula
Hi All,
Running Win98SE :-( and Excel 2000. Is it possible to get assistance with the following formula. I am currently determining the Profit Margin Percent with the following ((BillRate-Payrate)-(PayRate*Fringe))/BillRate=Profit Margin % OR =((20.7-12)-(12*.24867))/20.7=27.61% I then have to play with the billrate to get a number close to 30%. Is there a way to rework the formula by plugging in the 30% and working out the BillRate? Thanks Bill |
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