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Well I think I have it working now - must have been a syntax error on my part. Here is my formula if others are interested:

if (price eq "1") then

subtotal = (sqinches * .18)

elseif

(price eq "2") then

subtotal = (sqinches * .19)

elseif

(price eq "3") then

subtotal = (sqinches * .20)

etc...

endif