Solved

MS EXCEL, the formula is correct, but the result is incorrect. Please help!

Posted on 2015-01-15
6
81 Views
Last Modified: 2015-01-21
Please see the attached Excel file, it is a very simple invoice file.
The total should be 281.69 obviously. But Excel gave the result of 281.68 which is incorrect obviously.
What is the problem??

Thanks!!
WrongGrandTotal.xls
0
Comment
Question by:techcity
  • 3
  • 2
6 Comments
 
LVL 26

Accepted Solution

by:
Shaun Kline earned 450 total points
ID: 40551975
You should add the round function on the PST and GST totals. If you increase the decimals to 3 digits, you will see the issue.
0
 
LVL 1

Author Comment

by:techcity
ID: 40551993
Thanks Shaun
How can I add "round" function? Can you please instruct me more details?
I do not know Excel much :-(
0
 
LVL 26

Assisted Solution

by:Shaun Kline
Shaun Kline earned 450 total points
ID: 40552004
There are three round formulas (sorry, keep calling them functions) in Excel: Round(<your value>, # of decimals), RoundUp(<your value>, # of decimals) and RoundDown(<your value>, # of decimals).

The ROUND formula rounds to the nearest decimal.
The ROUNDUP formula always rounds your value UP. This own is good when calculating taxes, as you are.
The ROUNDDOWN formula always rounds your value DOWN.

Here's an example of ROUNDUP:
=ROUNDUP(A1*0.07, 2)

Open in new window

0
Announcing the Most Valuable Experts of 2016

MVEs are more concerned with the satisfaction of those they help than with the considerable points they can earn. They are the types of people you feel privileged to call colleagues. Join us in honoring this amazing group of Experts.

 
LVL 1

Author Comment

by:techcity
ID: 40552031
Thanks. I will check this out.
0
 
LVL 80

Assisted Solution

by:David Johnson, CD, MVP
David Johnson, CD, MVP earned 50 total points
ID: 40552654
Add 0.005 to both PST and GST (old programming trick)
=(D38*0.07)+0.005
WrongGrandTotal.xls
0
 
LVL 1

Author Closing Comment

by:techcity
ID: 40562637
Thank you!!
0

Featured Post

Free Tool: Subnet Calculator

The subnet calculator helps you design networks by taking an IP address and network mask and returning information such as network, broadcast address, and host range.

One of a set of tools we're offering as a way of saying thank you for being a part of the community.

Question has a verified solution.

If you are experiencing a similar issue, please ask a related question

Microsoft Office Picture Manager is not included in Office 2013. This comes as a shock to users upgrading from earlier versions of Office, such as 2007 and 2010, where Picture Manager was included as a standard application. This article explains how…
Recently Microsoft released a brand new function called CONCAT. It's supposed to replace its predecessor CONCATENATE. But how does it work? And what's new? In this article, we take a closer look at all of this - we even included an exercise file for…
Learn how to make your own table of contents in Microsoft Word using paragraph styles and the automatic table of contents tool. We'll be using the paragraph styles in Word’s Home toolbar to help you create a table of contents. Type out your initial …
This Micro Tutorial will demonstrate the scrolling table in Microsoft Excel using the INDEX function.

791 members asked questions and received personalized solutions in the past 7 days.

Join the community of 500,000 technology professionals and ask your questions.

Join & Ask a Question