Multiple % Discounts Off Base $ Price That Do Not Cascade?

Mar 3, 2014

Cell B23 contains an invoice base price in $'s formatted to 2 x decimal places Cell I4, I5,I6,I7,I8 all contain various percentage discounts formatted to 2 decimal places

I am trying to creat a formula in cell I23 that will subtract the discount of each of "I" range cells - lowest number to highest- in order. But each discount has to be subtracted from original invoice value in cell B23

Example:-
Cell B23=$1660.00
Cell I4=14.00%
Cell I5= 3.50%
Cell I6= 3.00%
Cell I7=1.50%
Cell I8=2.00%

I have tried using =B23*(1-I4)*(1-I5)*(1-I6)*(1-I7)*(1-I8) But this appears to be a cascading discount By my manual calculations answer should be $1261.60 But above calculation gives me $1289.94

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[url]

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