Howdy tpop-ga,
There are at least two Excel functions that will help you accomplish
your task, and the "Tech on the Net" website covers both of them.
The first option is to use: Trunc
http://www.techonthenet.com/excel/formulas/trunc.php
"In Excel, the Trunc function returns a number truncated to a
specified number of digits."
- In your example, you can set cell A1 to: $502.15
- In A2 you would place: =A1*0.062
- In A3 you would place: =A1*0.044
- In A4 you would place: =A1*0.0145
- In A5 you would place: =Trunc(Sum(A2:A4),2)
Alternatively, you could do the following.
- In your example, you can set cell A1 to: $502.15
- In A2 you would place: =Trunc(A1*0.062,2)
- In A3 you would place: =Trunc(A1*0.044,2)
- In A4 you would place: =Trunc(A1*0.0145,2)
- In A5 you would place: =Sum(A2:A4)
The ending ",2)" tells Excel to truncate the numbers to 2 places
after the decimal point.
The second option is to use: RoundDown
http://www.techonthenet.com/excel/formulas/rounddown.php
"In Excel, the RoundDown function returns a number rounded down
to a specified number of digits."
RoundDown is used in a similar way as "trunc" is used.
- In your example, you can set cell A1 to: $502.15
- In A2 you would place: =A1*0.062
- In A3 you would place: =A1*0.044
- In A4 you would place: =A1*0.0145
- In A5 you would place: =RoundDown(Sum(A2:A4),2)
Alternatively, you could do the following.
- In your example, you can set cell A1 to: $502.15
- In A2 you would place: =RoundDown(A1*0.062,2)
- In A3 you would place: =RoundDown(A1*0.044,2)
- In A4 you would place: =RoundDown(A1*0.0145,2)
- In A5 you would place: =Sum(A2:A4)
If you need any clarification, please feel free to ask.
Search strategy: Personal experience.
Looking Forward, denco-ga - Google Answers Researcher |