September 2006
Beginner to intermediate
397 pages
13h 15m
English
Content preview from Microsoft Excel Functions & Formulas
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Calculating net and corresponding gross prices
Figure 14-4 shows a gross price and a net price. Calculate the cor-
responding values using a tax rate of 7%.
The net price needs to be calculated in cell C5.
4
To calculate the net price:
1. Select cell C5.
2. Type the formula =B5+(B5*A5) and press <Enter>.
The gross price needs to be calculated in cell B7.
4
To calculate the gross price:
1. Select cell B7.
2. Type the formula =C7/(1+A7).
3. Press <Enter>.
Examples 347
14
Figure 14-4
Figure 14-5
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