Enable Iterative Calculation
Is there a way to enable iterative calculations in order to override circular warnings?
Best Answer
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Yes, basic formula for calculating a sell price on a cost based on a target margin is:
=Cost/(1-Margin)
Answers
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can you show what formulas you are using there?
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=Total1 * (Rate@row / (1 + Rate@row))
The TOTAL PROJECT formula is =SUM(CHILDREN)
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this is definitely a circular reference. What exactly do you want it to do?
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I want the sheet to calculate dollars based on set margin percentages. In this scenario, the total project $, overhead $, profit $ and bond $ are formulas. The subtotal $ and percentages are inputs. Here is a picture when completed in Excel:
In order to do this in Excel, the Enable Iterative Calculation option has to be checked and the Maximum Iterations has to be maxed out.
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This concept definitely does not exist in Smartsheet. If you could explain your goal with a little more detail possibly a different solution/setup would work.
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My goal is for our bids to be calculated based on inputting target margin percentages, not markups. Is there a different solution?
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Yes, basic formula for calculating a sell price on a cost based on a target margin is:
=Cost/(1-Margin)
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