Formula Generator - DOLLARFR function
The DOLLARFR function converts a price quotation given as a decimal value into a decimal fraction. It takes two arguments: the decimal price and the unit of the decimal fraction. The function returns the decimal fraction representation of the price quotation.How to generate an DOLLARFR formula using AI.
To obtain the DOLLARFR formula, you could ask the AI chatbot the following question: "Is there a formula in Excel that can convert a decimal number to a fractional dollar amount?"
DOLLARFR formula syntax.
The DOLLARFR function in Excel is used to convert a fractional number into a text representation of a dollar amount. Its syntax is as follows: DOLLARFR(fraction, denominator) - The "fraction" argument is the fractional number you want to convert. - The "denominator" argument is the denominator of the fraction. The DOLLARFR function returns a text value that represents the fractional number as a dollar amount. For example, if you use DOLLARFR(3/4, 4), it will return "$0.75" as the result.
Converting Decimal Price to Decimal Fraction
In this use case, we use the DOLLARFR function to convert a decimal price into a decimal fraction. This can be useful when working with financial data or when displaying prices in a specific format.
DOLLARFR(decimal_price, unit)
Calculating Total Cost with Tax
In this use case, we use the DOLLARFR function along with other functions to calculate the total cost of a product including tax. We can use the DOLLARFR function to convert the decimal price into a decimal fraction, and then multiply it by the quantity to get the subtotal. Finally, we can add the tax amount to the subtotal to get the total cost.
DOLLARFR(decimal_price, unit) * quantity + tax_amount
Calculating Discounted Price
In this use case, we use the DOLLARFR function along with other functions to calculate the discounted price of a product. We can use the DOLLARFR function to convert the decimal price into a decimal fraction, and then multiply it by the discount percentage to get the discount amount. Finally, we can subtract the discount amount from the original price to get the discounted price.