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    johnandphilippa's Avatar
    johnandphilippa Posts: 1, Reputation: 1
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    #1

    Jun 30, 2012, 04:07 PM
    Difference in mills of gas per dollar.
    Hi I know the answe is probably easy but I seem to have brain block when it comes to this formula.

    If 1000 mills of pertol cost $2.00 then the price goes up to $4.00 per 1000 mills of petrol what formula would you use to get the difference in mills in MS excel.

    Ps I know the answe but not the formula to use as I want to enter the old price and the new price and get the difference in mills even if the difference is only as small 10cents or so.

    Cheers Philippa
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Jul 3, 2012, 05:47 AM
    I haven't heard the term "mills" before - do you mean milliliters (or mL)?

    If we let P1 = original price in dollars per 1000 mL, and P2 = new price in dollars per 1000 mL, then the change in price per mL is:



    For your example P1 = $2, P2 = $4, and change in price per mL is ($4-$2)/1000mL = $0.002/mL

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