SOLVED - Formula for a Declining Percentage Scale based on a total number grows

Hi Guys,

I've spent hours trying to figure this one out, and I'm no closer than when I started.

Here's what I'm trying to do:

It's basically a profit sharing formula, where the person with the most seniority gets the largest percentage. So lets say the company has 1000 in it's profit sharing account, and there's 10 people to divide that amongst. The person in slot 1 should get the largest percentage, slot 2 gets a lesser percentage...all the way down to slot 10, the newest guy who gets the smallest percentage. The decline in percentage should be proportional to the number of people (slots).


The formula would need to be able to grow too. So if there's another new guy, now we have 11 people total, and that #11 guy would now receive the smallest percentage.


Thanks in advance!


Steve

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