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# mathematical formula

Launcher rjm2
Status Vaulted: Dec 03, 2012 12:58

### Labels

Real estate economics Excel mathematical formulas

### Description

1. Need a mathematical formula to establish a bid price, as simple as possible, to be translated to a excel spreadsheet, see enclosed spreadsheet. need to find X (bid price) which starts with 95% of "property values" column (L), before adding various variables to achieve a regressive profit margin from 45% at a $50,000 property value to 25% at$400,000. Needs to take into account a regressive deduction for the "Yr Built" starting from yr built 1965 at .33% to 0% at yr built 2002. e.g. row 3, property value 172,038 x.95%=163,431-J = X (based on initial property value >or= to45% to >or=to 20%)

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