Want to win a PS4? Go Premium and enter to win our High-Tech Treats giveaway. Enter to Win

x
Solved

# Percentile or 60% of the quotes

Posted on 2015-02-24
Medium Priority
84 Views
Hi All,

I have list of quotes and actual discount and threshold for the same ( refer attachment)

Quotes      Actual Disc      Threshold      Quarter
1                 97%                  55%               14-Q1
2                 76%                  55%               14-Q1
3                 25%                  55%               14-Q1
4                  25%                 55%               14-Q1
5                  25%                60%               14-Q2
6                  25%               60%                14-Q2
7                 45%              60%                         14-Q2
8                 25%             60%                         14-Q2
9               35%             60%                         14-Q2
10               25%             60%                          14-Q2
11               65%           60%                         14-Q2
12              25%                  60%                        14-Q2
13             25%                 60%                        14-Q2

I would like to calculate the actual discount availed for 60% of quotes.

I have used the percentile formula mentioned below.

=PERCENTILE(B3:B15,0.6) and the answer is 27%
Does it mean that 60% of the quotes are availing discount at 27% or is there any other  way to calculate it?

Basically i wanna see if 60% of the quotes are below threshold.

Percentile-Example.xlsx
0
Question by:Ganesh Vijaykumar
[X]
###### Welcome to Experts Exchange

Add your voice to the tech community where 5M+ people just like you are talking about what matters.

• Help others & share knowledge
• Earn cash & points

LVL 24

Accepted Solution

Phillip Burton earned 2000 total points
ID: 40627833

There are alternative ways to calculate it in Excel 2010 - see PERCENTILE.EXC
0

Author Closing Comment

ID: 40633303
Thanks for the response!
0

## Featured Post

Question has a verified solution.

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

When you see single cell contains number and text, and you have to get any date out of it seems like cracking our heads.
This article describes a serious pitfall that can happen when deleting shapes using VBA.
This Micro Tutorial will demonstrate in Microsoft Excel how to add style and sexy appeal to horizontal bar charts.
Many functions in Excel can make decisions. The most simple of these is the IF function: it returns a value depending on whether a condition you describe is true or false. Once you get the hang of using the IF function, you will find it easier to usâ€¦
###### Suggested Courses
Course of the Month9 days, 22 hours left to enroll