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Problem w/ formula in excel

 
 
Reply Fri 3 Oct, 2003 12:14 am
If J14 has a value of 74 and L14 has a value of 8
In N14 I get 5% of 74 by formula =sum(J14*5%) result should be 4
In O14 I need the amount over 5% so I use formula =sum(L14-N14) result should be 4
In Q14 I need to multiply the totoal of O14 by $105

The result I get is $451.50 it should be $420 (4*105= 420)??
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jespah
 
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Reply Fri 3 Oct, 2003 08:48 pm
Here's why it doesn't work:

Quote:
In N14 I get 5% of 74 by formula =sum(J14*5%) result should be 4


That doesn't work. 5% of 74 is 3.7, so then 8 - 3.7 is 4.3 and then 4.3 times $105 is $451.50.
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