I have a column of currency formatted cells (C8:C15) and a markup rate of 15% which is entered into B19. I want to have the markup rate applied to C8:C15. Starting with C8 I entered the formula **=B8 + $B$19** but this merely gave me $24.15.

I know I can write *1.15 to get the correct result but this is for a school assignment and the teacher wants me to use "absolute cell referencing". Basically I have to refer to the cell C8 as the formula, not just write *1.15.

Here's a picture with the project that might help explain: