Hi Everyone,
I am currently trying to create a sum product formula which calculates the Number of Months to repay a purchase value of $4,833,00. I would normally do this by using the formula F1/Sumproduct(A2:A7,C2:C7). However, in this instance, each of the products have a specific number of months of units on hand. After that month is surpassed, I would no longer like that product to contribute to the contribution margin calculation. For example, on Product A, after 8 Months I would not those contribution margin dollars to be factored into my calculation. In this example the payback period should equal to 9.9 Months. I have already received some great advice from member of the form on approaching this using a goal seek, however, I would like to create a formula which populates the payback period in Cell F2. Any help would be greatly appreciated. Thank You!
I am currently trying to create a sum product formula which calculates the Number of Months to repay a purchase value of $4,833,00. I would normally do this by using the formula F1/Sumproduct(A2:A7,C2:C7). However, in this instance, each of the products have a specific number of months of units on hand. After that month is surpassed, I would no longer like that product to contribute to the contribution margin calculation. For example, on Product A, after 8 Months I would not those contribution margin dollars to be factored into my calculation. In this example the payback period should equal to 9.9 Months. I have already received some great advice from member of the form on approaching this using a goal seek, however, I would like to create a formula which populates the payback period in Cell F2. Any help would be greatly appreciated. Thank You!