Variable Pricing Formula

Harquor

New Member
Joined
Jun 22, 2006
Messages
36
Hello. I have a quote sheet that marks up my price by a certain percent. The way I have it set up now is for a 10% markup and I adjust it manually. C1 = .10, C2 is where I enter the cost, B2 = C1*C2, A2 = B2+C2.

I would like change this to vary the markup percent based on the cost. Ie. as the cost gets higher, I would like to lower the percentage at which I mark it up. For example: $1 - 200 is marked up 10%, $201 - $500 is marked up 8%, $501 - $1000 is marked up 5%, etc.

Is this possible to do so I am able to just enter a cost and excel will identify and adjust accordingly?
 
Hi Harquor

No problem. You should be able to put the table anywhere in the spreadsheet you want and just reference the table.

For the example i provided above, if you copied the table into cell A1 with Cost as a header then the table range would be A2:B5.

Also just a note that i made the 201 into 200.01 as this is currency and i don't like leaving those gaps but of course this is your work so change if needed.

I did this and it tells me I've entered too few arguments?

Cost Increase
1.00 0.5
600.01 0.4
1500.01 0.3
4000.01 0.2
18000.01 0.1
25000.01 0.08
 
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Did you also include your first argument of the lookup formula which was C2 in the example
 
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