How do I create a formula that would alow me to select a value in one cell
and subtract it from a value I enter in another cell.

IE a product with 3 versions cost me 1.00, 2.00 or 3.00 depending on the
version

I want to create a forumla that alows me to select one of the build costs
then enter a selling price in another cell and the 3rd cell would subtract
the value of the build cost from the sales price and give me my margin.

If your build cost is in A1, your sell price is in B1 and your profit margin
is in C1

In C1 input

=(b1-a1)

Russell Dawson
Excel Student

Please hit "Yes" if this post was helpful.


"Cpirt" wrote:

How do I create a formula that would alow me to select a value in one cell
and subtract it from a value I enter in another cell.

IE a product with 3 versions cost me 1.00, 2.00 or 3.00 depending on the
version

I want to create a forumla that alows me to select one of the build costs
then enter a selling price in another cell and the 3rd cell would subtract
the value of the build cost from the sales price and give me my margin.

Hi

On sheet2 set up a list with 1,2 and 3 in A1:A3 to represent your
version numbers.
In B1:B3 enter your costs e.g. 10, 15 and 20

On Sheet1 in A1 enter your sale price.
In B1 enter the Version number
in C1
=If(B1="","",A1-Vlookup(B1,Sheet2!A:B,2,0))

--
Regards
Roger Govier

Cpirt wrote:
How do I create a formula that would alow me to select a value in one cell
and subtract it from a value I enter in another cell.

IE a product with 3 versions cost me 1.00, 2.00 or 3.00 depending on the
version

I want to create a forumla that alows me to select one of the build costs
then enter a selling price in another cell and the 3rd cell would subtract
the value of the build cost from the sales price and give me my margin.

Hello!

You can go to data, then validation. From there you can choose allow list, so you can have a drop down list. You have to put your data inputs somewhere to do the drop down list, presented as a table. A drop down list will allow you to select a value from a table of values, depending on what you choose.

Next, you just have to place a value you want to deduct from your drop down list on a any random cell. For this example, we can say it as A1. Then you can build a formula on another cell, where dropdown list - A1 is the formula on another random cell B1.


Anyway for more tips on excel and financial models, you can check the page out. Hope this helps.