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Stock purchasing SS formula help needed.

  1. #1
    Registered User
    Join Date
    08-17-2006
    Posts
    7

    Red face Stock purchasing SS formula help needed.

    Maybe a very basic point here but here goes.

    I have £2000 to buy stock @£0.74 per item.

    I am trying to make a formula that shows cost.

    Example....

    Money = £2000
    Cost = £0.74
    Units = 2702,702702702702.... Of course units come in whole amounts so...
    Units = 2702 (A. How can I make it average down to 2702)

    Now, the second and most important problem I have.....

    Total Cost = 2702*£0.74

    BUT WHEN I DO THIS, it brings me back to £2000 instead of 1999.48.

    How can I fix these issues?

    Thanks

  2. #2
    Toppers
    Guest

    RE: Stock purchasing SS formula help needed.

    =INT(A1/B1) or =ROUNDDOWN(A1/B1,0)

    where A1=2000
    B1=0.74

    For total cost, format cell to Currency (or Decimal) with 2 decimal places

    HTH

    "Madridbear" wrote:

    >
    > Maybe a very basic point here but here goes.
    >
    > I have £2000 to buy stock @£0.74 per item.
    >
    > I am trying to make a formula that shows cost.
    >
    > Example....
    >
    > Money = £2000
    > Cost = £0.74
    > Units = 2702,702702702702.... Of course units come in whole amounts
    > so...
    > Units = 2702 (A. How can I make it average down to 2702)
    >
    > Now, the second and most important problem I have.....
    >
    > Total Cost = 2702*£0.74
    >
    > BUT WHEN I DO THIS, it brings me back to £2000 instead of 1999.48.
    >
    > How can I fix these issues?
    >
    > Thanks
    >
    >
    > --
    > Madridbear
    > ------------------------------------------------------------------------
    > Madridbear's Profile: http://www.excelforum.com/member.php...o&userid=37645
    > View this thread: http://www.excelforum.com/showthread...hreadid=572563
    >
    >


  3. #3
    paul
    Guest

    RE: Stock purchasing SS formula help needed.

    =int(2000/.74)=2702
    2702*.74 = 1999.48 for me
    =int(2000/.74)*2702= 1999.48 for me
    all this is with cells set to general format
    --
    paul
    [email protected]
    remove nospam for email addy!



    "Madridbear" wrote:

    >
    > Maybe a very basic point here but here goes.
    >
    > I have £2000 to buy stock @£0.74 per item.
    >
    > I am trying to make a formula that shows cost.
    >
    > Example....
    >
    > Money = £2000
    > Cost = £0.74
    > Units = 2702,702702702702.... Of course units come in whole amounts
    > so...
    > Units = 2702 (A. How can I make it average down to 2702)
    >
    > Now, the second and most important problem I have.....
    >
    > Total Cost = 2702*£0.74
    >
    > BUT WHEN I DO THIS, it brings me back to £2000 instead of 1999.48.
    >
    > How can I fix these issues?
    >
    > Thanks
    >
    >
    > --
    > Madridbear
    > ------------------------------------------------------------------------
    > Madridbear's Profile: http://www.excelforum.com/member.php...o&userid=37645
    > View this thread: http://www.excelforum.com/showthread...hreadid=572563
    >
    >


  4. #4
    Forum Contributor
    Join Date
    12-12-2005
    Posts
    667
    Supposing 2702.702703 is in cell A3
    you should use =FLOOR(A3,1) that will result in 2702
    that can be multiplied by 0.74 to give 1999.48
    Best regards,

    Ray

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