I have a matrix that has the total premiums for each year, and total commissions for each year.
I would like a third column that shows what the ratio for total commissions to total premiums is for each year. I thought this would be easy but the values I get aren't right at all. Here's the formula I tried:
And here's how the column, Gross Commission %, came out:
Obviously this is all wrong. I've tried using DIVIDE([Gross Commission (+ve)],[Gross Written Premium]) instead but that didn't work either.
Obviously I've scrambled all of the premium and commission data before posting here so what you see is not real-world data, but it's exactly the same for the real data.