The LEFT or RIGHT function returns the leftmost or rightmost characters from a text value. Example:
=LEFT(A2,3)
If value in cell A2 were 184770 the formula would display the number 4.
=Right(B3,2)
If value in cell B3 were 16579 the formula would display the number 7.
LEN (length) returns the number of characters in a text string. Example:
=LEN(A2)
If the value in cell A2 is 16498 then the formula will display 5.
Combine the two in a single formula example. Say you have a single digit which indicates length in .125 increments. Double digits indicates length in whole inches AND .125 increments.
=IF(LEN(D2)=2,LEFT(D2,1)+(RIGHT(D2,1)*0.125),RIGHT(D2,1)*0.125)
If the length of the value of cell D2 (the length number) equals 2 (which means it is double digit), then add the left digit plus the right digit multiplied by 0.125, otherwise take the single digit and multiply by 0.125.
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-Nick