Predefined Calculation: Calculate a pro-rated amount

Summary

This formula calculates a pro-rated amount, useful when subscribing customers to a service part way through a year. The amount is obtained by multiplying the days remaining in the year, the number of items and the cost per day.

Inputs

This formula requires 3 inputs:

  • Days remaining
  • Number of items
  • Cost per day

Return values

This formula returns the result, to two decimal places, of multiplying:

Days remaining x Number of items x Daily cost

Formula Logic

  1. The formula multiplies the three inputs together

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