DOLLARDE Function
The DOLLARDE function in Google Sheets converts a dollar price expressed as a fraction into a decimal format.
Syntax
DOLLARDE(fractional_price, unit)
fractional_price
: The dollar price expressed as a fraction. This is a required parameter.unit
: The denominator used in the fractional price. This is a required parameter.
Examples
- Convert Fractional to Decimal
Convert a fractional price of 12 3/8 to a decimal price using 8 as the denominator:
=DOLLARDE(12.375, 8)
This will output 12.375.
Notes
- The DOLLARDE function is particularly useful in finance, where prices are often quoted in fractional terms.
- Ensure that the unit accurately reflects the denominator used in the fractional price.
Related Functions
- DOLLARFR: Convert a decimal dollar price into a fractional dollar price.