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calculating percentages

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    calculating percentages

    I am not Excel savvy. I am creating a simple spreadsheet to calculate the application of annual salaries and benefits to contracts based upon that contract's percentage of total revenues. I have entered total contract revenues, the number of months the contract is active in 2010, the number of months the contract is active in other years, then used a formula to calculate the percentage of the contract revenues applicable to 2010. I have the percentages expressed in whole numbers as I want to keep this "broad brush strokes." All that works fine. However, I then want to express those "round number" percentages in terms of dollars by using formulas. However, when I do that, Excel calculates the dollars using precise percentages (for example, using 54.55%) rather than the whole number percentage (55%). I have attached a portion of the spreadsheet to illustrate the formulas I am using. Can someone please help me use formulas to express the dollars using whole percentage numbers rather than the (actual) fractional percentages? THANK YOU!!!
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    Last edited by baileybydesign; 05-28-2010 at 10:20 PM.

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    Re: Help please calculating percentages

    If you wrap the reference to the cell containing the percentage in a Round() function, it will round to the nearest whole percentage.

    e.g. ROUND(A1,0) will round value in A1 to a whole number.
    Where there is a will there are many ways.

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    Re: Help please calculating percentages

    I discovered the ROUND function and can apply it to the percentage. However, the program doesn't apply the ROUND percentage to the calculation, it applies the actual percentage. I don't know how to get around that. If you look at my attachment, you can see in cell I10 that the figure, $24, 545.45 is not 55% of $45,000 - it is 54.55% of $45,000. That's where I'm getting bogged down. I want to use formulas to accomplish this, but I can't figure out how to use my formula with the figure rounded up (6 months out of 11 is actually 54.55% but is rounded up to 55%) and have it calculate using the rounded number. Help?

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    Re: Help please calculating percentages

    How about this in I10:

    =ROUND(G10*100,0)*D10

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    Re: calculating percentages

    Tried that - gave me a $2 million+ answer - so that's not right...Other ideas?

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    Re: calculating percentages

    Sorry.. forgot to divide by 100 again...

    =ROUND(G10*100,0)/100*D10

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    Re: calculating percentages

    That's it - perfect, thank you! Can you give me a quick explanation of your thinking so I can duplicate this when/where necessary?

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    Re: calculating percentages

    Actually a better way would be:

    =ROUND(G10,2)*D10

    since a percentage is really a fraction of 1 , eg 54.5% is really 0.545 in excel, we want to round this to 2 decimals.. making .545, .55 and then multiplied by D10.

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    Re: calculating percentages

    Excellent - I get it, thanks!!! Now I can have a holiday weekend...

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