Fundamentals to Calculate Percentage in Excel
Percentage formula in Excel: Percentage can be calculated using the form la = part/whole. For Example, if you’re trying to apply for a discount, you want to reduce a particular amount by 10%. The formula is Price* 1- Discount%. (Consider the “1” as a substitute for 100%).
Calculating percentage is a mathematical operation that involves multiplying the fraction by a hundred.
For example, you have six subjects in your school and you are asked to write an exam for each subject, and every subject has 100 marks to score. The total marks for all the subjects sum up and give 600. And if you score 498 marks out of 600. Now you have to calculate the average of your scores. The average is calculated by dividing your score by the total number of marks and multiplying the fraction by 100 as shown below:
(498/600)*100 = 83
How to Calculate Percentage in Excel
Excel is a tool for storing and managing a large volume of data. It uses rows and columns to store the data. This tool is used for the analysis of data to get insights from it. Generally, this is used by financial professionals for accounting purposes, but it can be used by anyone. Data analysis can be performed in many ways like visual analysis using graphs, mathematical or trend analysis using formulas, etc. Let’s learn how can we calculate a percentage of numbers in Excel.
In this tutorial, we’ll look at a few methods for quickly and accurately calculating percentages in Excel, as well as some fundamental percentage formulas that will eliminate any guessing from your numbers.
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