Calculating effective rate for fixed budget

Joven99

New Member
Joined
Sep 5, 2018
Messages
2
Hi, this may be a very basic question but hopefully that means there's an easy answer!

I have a fixed budget (let's call it £10,000) and I have a set number of items that I have to sell. Different items are valued at different levels and I need to calculate a budget per item, using a consistent rate based on the tier of the item.

[TABLE="width: 500"]
<tbody>[TR]
[TD]Item Name[/TD]
[TD]# of Items[/TD]
[TD]Tier[/TD]
[TD]Rate per item[/TD]
[TD]Budget[/TD]
[/TR]
[TR]
[TD]Item1 [/TD]
[TD]30[/TD]
[TD]1[/TD]
[TD][/TD]
[TD][/TD]
[/TR]
[TR]
[TD]Item2[/TD]
[TD]23[/TD]
[TD]2[/TD]
[TD][/TD]
[TD][/TD]
[/TR]
[TR]
[TD]Item3[/TD]
[TD]10[/TD]
[TD]1[/TD]
[TD][/TD]
[TD][/TD]
[/TR]
[TR]
[TD]Item4[/TD]
[TD]9[/TD]
[TD]3[/TD]
[TD][/TD]
[TD][/TD]
[/TR]
[TR]
[TD]Item5[/TD]
[TD]14[/TD]
[TD]1[/TD]
[TD][/TD]
[TD][/TD]
[/TR]
[TR]
[TD]Item6[/TD]
[TD]12[/TD]
[TD]3[/TD]
[TD][/TD]
[TD][/TD]
[/TR]
[TR]
[TD]Item7[/TD]
[TD]20[/TD]
[TD]2[/TD]
[TD][/TD]
[TD][/TD]
[/TR]
[TR]
[TD]Item8[/TD]
[TD]8[/TD]
[TD]3[/TD]
[TD][/TD]
[TD][/TD]
[/TR]
[TR]
[TD]Total[/TD]
[TD]126[/TD]
[TD][/TD]
[TD]79.36508
[/TD]
[TD]10,000[/TD]
[/TR]
</tbody>[/TABLE]



I want the rate per item to reflect the tier, so if it's a tier 3 item I want it to be valued at an effective rate of 3 times the rate of a tier 1. Do you know how I can calculate the right budgets for each individual line based on the info above? Do I need more info?

Thanks,

Joven
 

Excel Facts

What does custom number format of ;;; mean?
Three semi-colons will hide the value in the cell. Although most people use white font instead.
In E2 (Budget) enter : =ROUND(E$10/SUMPRODUCT(B$2:B$9,C$2:C$9)*B2*C2,2)
Fill down to E9.

In D2 enter : =ROUND(E2/B2,2)
Fill down to D9.
 
Last edited:
Upvote 0

Forum statistics

Threads
1,224,823
Messages
6,181,177
Members
453,021
Latest member
Justyna P

We've detected that you are using an adblocker.

We have a great community of people providing Excel help here, but the hosting costs are enormous. You can help keep this site running by allowing ads on MrExcel.com.
Allow Ads at MrExcel

Which adblocker are you using?

Disable AdBlock

Follow these easy steps to disable AdBlock

1)Click on the icon in the browser’s toolbar.
2)Click on the icon in the browser’s toolbar.
2)Click on the "Pause on this site" option.
Go back

Disable AdBlock Plus

Follow these easy steps to disable AdBlock Plus

1)Click on the icon in the browser’s toolbar.
2)Click on the toggle to disable it for "mrexcel.com".
Go back

Disable uBlock Origin

Follow these easy steps to disable uBlock Origin

1)Click on the icon in the browser’s toolbar.
2)Click on the "Power" button.
3)Click on the "Refresh" button.
Go back

Disable uBlock

Follow these easy steps to disable uBlock

1)Click on the icon in the browser’s toolbar.
2)Click on the "Power" button.
3)Click on the "Refresh" button.
Go back
Back
Top