How to create below custom field?

if my expense type is (picklist) "office rent" , then 10% on the expense field be displayed in another custom field TDA.

using formula as a data type can any one tell me the logic for this?

Thanks in advance

Best Answer chosen by Sreekanth Kunchala 9

Romeo Ngo 1

if ( ISPICKVAL(expenseType__c, "office rent"), Expense__c/10, 0)

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