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Budget Quantity formula

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    Angry Budget Quantity formula

    This is perhaps more a general math question but the solution will be used in excel...

    I have a monthly budget i.e £20,000
    Each month this is split using a percentage ratio, 5%, 35% & 60% based on 3 values of products.
    Option 1 - 5% - £1000
    Option 2- 35% - £600
    Option 3 - 60% - £100

    What I need to find out from the information above is the quantity of each option I can get closest to the percentage ratio set each month.

    Not knowing the total quantity of products to easily calculate this, is the problem. How do I work this out?! So we can work out how many of each option we can get at the % ration, without using trial and error.

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    Re: Budget Quantity formula

    Please Login or Register  to view this content.
    .

    Reading this I think you can use Excel solver

    Excel 2007 => data => solver
    Notice my main language is not English.

    I appreciate it, if you reply on my solution.

    If you are satisfied with the solution, please mark the question solved.

    You can add reputation by clicking on the star * add reputation.

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    Re: Budget Quantity formula

    Can you provide an example of the solution?!

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    Re: Budget Quantity formula

    Something like:

    HTML Code: 

    Regards, TMS
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    Re: Budget Quantity formula

    That doesn't give me the quantity as a %.

    The answers you have provided are, 1, 11 & 120 which means the quality of option 1 isn't 5% of 131.

    Do you see what my problem is?! Not so straight forward :-(

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    Re: Budget Quantity formula

    The problem is that I didn't/don't understand what it is you are trying to achieve.

    The values calculated are the number of items of a given value you can buy for the given percentage of the budget.

    So, total column G into G7, round down into H7, then divide each of the individual item counts by the total item count and format as a percentage.

    Total items: 132; counts: 1, 11, 120; percentages: 1, 8 and 91; total percentage = 100

    Not sure why that isn't straightforward

    Regards, TMS

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    Re: Budget Quantity formula

    I realise this is confusing and I'm not the best at explaining my problem.

    Here is what I know:
    - the budget value
    - the product values (3 different values)
    - the % split I need the total number of products split by.

    The % split is on quantity, this is the figure I don't have.

    Take a basic example:
    Budget £15,400

    Product 1 - £100
    Product 2 - £10
    Product 3 - £1

    If we want the % split in in quantity to be:
    Product 1 - 10% of total quantity
    Product 2 - 50% of total quantity
    Product 3 - 40% of total quantity

    If we knew the total quantity was 1000, our split would be:
    Product 1 - 100 (£10,000) %10
    Product 2 - 500 (£5,000) %50
    Product 3 - 400 (£400) %40

    Does that make it any clearer?! I'm struggling to explain it any further sorry.

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    Re: Budget Quantity formula

    @Webby2013: much better explained Unfortunately, I don't know how to approach the problem

    I was taking the simplistic view and starting from the opposite end which *was* relatively straightforward.

    It sounds as though oeldere's suggestion to use Solver might be the best approach. Sadly, I don't know how to set that up.

    I'll see if anyone else can offer a solution.


    Regards, TMS

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    Re: Budget Quantity formula

    See here:Solution1.xlsx
    The first thing to do is create a baseline to work from, then you can use that to calculate for the unknown number, based on the % the baseline cost differs from the budget

    so in this case you can get 3 of first,22 of the second, and 38 of the third

    Hope this helps
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    Re: Budget Quantity formula

    Wow! The solution seems to be exactly what I am after. :-)

    I'm just going to test this on a few other variable and get back to you ... Thank you all for your help!!!

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    Re: Budget Quantity formula

    The solution is perfect!

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    Re: Budget Quantity formula

    You are welcome

    Thanks for the rep !

    Please remember to mark the thread as solved if you are satisfied with your solution :
    To mark thread "Solved", go to the top of the thread,click "Thread Tools",click "Mark as Solved"

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