How To Calculate Percentage Discount In Excel

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This article was co-written by Gina D’Amore. Gina D’Amore is a chartered accountant and founder of Love’s Accounting. With 12 years of experience, Gina specializes in working with small businesses in all areas of accounting, including economics and human resources. He holds a bachelor’s degree in economics from Manhattanville College and a certificate in accounting from MiraCosta College.

How To Calculate Percentage Discount In Excel

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Calculate the cost savings percentage to determine the discount or price increase. This basic calculation does not require advanced algebra or calculus skills. You can set up the estimate in a spreadsheet program like Microsoft Excel, but you can calculate the cost savings manually. You need to know both the current, discounted price and the original price.

This article was co-written by Gina D’Amore. Gina D’Amore is a chartered accountant and founder of Love’s Accounting. With 12 years of experience, Gina specializes in working with small businesses in all areas of accounting, including economics and human resources. He holds a bachelor’s degree in economics from Manhattanville College and a certificate in accounting from MiraCosta College. This article has been viewed 523,625 times.

To calculate the cost savings percentage, subtract the new price of the item from the original price. The price difference is then divided by the original price. Finally, multiply the decimal by 100 to get the cost savings percentage. Scroll down to learn how to calculate cost savings percentage in Microsoft Excel! Excel is known for its versatility in all areas of computing. If you need to calculate the percentage of some value, you can do it manually. However, with Excel this simple task becomes even easier. Excel’s percentage formula appears as a value of 100: if your value is 80%, it is 80 out of 100, and 45% is 45 out of 100.

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A person who constantly deals with numbers must sometimes go beyond percentages. We work with many functions that calculate percentages every day. For example, if a kitchen store needs to run a sale, it needs to use a custom Excel formula. Or we have another situation where we can use the percentage formula. Percentages are not difficult, either by hand or with Excel.

In Excel, you can use many methods to calculate percentages, just like any other function. You can easily use custom formulas in your worksheets, and it doesn’t matter if your data is long or short.

Everyone knows the percentage, but how the term originated remains a mystery to many. The term “percentage” comes from the Latin percentum, which means “hundredth”. You should have the idea that a percentage is a fraction of 100, which is divided by the denominator and the resulting value is multiplied by 100.

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Let’s say you have 20 books on your shelf and a friend borrows 5 books from you. How to calculate the percentage in this situation?

You simply calculate 5/20 * 100 and the answer is 25%. Unfortunately, you will not find a comprehensive general formula that can cover all conditions in percentages. So let’s look at some of the formulas used to calculate percentages in Excel.

When analyzing this formula, you will notice that the “(*100)” part is missing from the mathematical formula. In Excel, you’ll see a slightly different approach to calculating percentages, because by default Excel cuts off the multiplication part and applies percentage formatting to cells.

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Let’s see with an example how to use custom formulas in Excel with specific conditions. How to calculate the percentage of the total amount in Excel?

In general, the most common condition is that the total appears at the end of the table. Here in this case we will use the same percentage as the absolute reference of the cell reference in the divider. Also remember that the dollar sign runs a reference to that slot.

For example, suppose you have values ​​in column B and the total is placed in cell B10, you need to use the formula below to calculate the percentage of the total.

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If you copy the formula in cell B2 to other cells in column B, you need to make changes, so you need to use relative cell references. However, $ B $ 10 is an absolute cell reference value if a divider is desired. Fixed disappearing on B10 as autofill formula in row 9.

Bonus tip: If you​​​​ want the denominator to be an absolute reference, you can manually type the $ dollar sign or press F4 to click the cell reference in the formula bar. In the image below you will see the result returned by the formula, the column Percentage of Total will appear as a percentage with 2 decimal places.

Of all the percentage formulas in Excel, this percentage change formula is probably the most used formula.

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To calculate the percentage of change, suppose you have the values ​​of A and B, you must use the following formula.

When you use this formula, make sure to enter the correct A and B values ​​in real situations. Suppose you had 80 extra chairs in your office yesterday and now you have 100 chairs. 20 is added to the previous value of 80, which is an increase of 25%.

But there used to be 100 chairs, now there are 80 chairs in total, the number of chairs has decreased by 20, a decrease of 20%.

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Excel multiplies the number in the cell when using custom formatting. Add a % sign at the end and multiply by 100. Let’s say you have a value of 10 in cell A1 and you used the percentage format and want to multiply that number by 100 to represent a percentage.

If you enter the formula =10/100 in cell A2, the result in Excel will be 0.1. Then form it as a percentage and it will be 10%.

Let’s say the cell value (eg 10%) does not match your needs (eg 9.75%). If you have a rounded version instead of the actual percentage in the cell, you need to increase the decimal point.

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You will see how Excel behaves differently when you pre-format blank cells with a custom format. By default, you will see percentage of conversions equal to or greater than 1. On the other hand, numbers less than 1 are multiplied by 100 and converted into percentages. For example, entering 10 or .1 in a pre-formatted cell will get 10% in the cell. Alternatively, if you enter 0.1 in a cell, Excel returns a value of 0% or 0.10%.

If you need to handle negative percentages in a different way, and want to enclose them in parentheses, do a custom numeric format like 0.00%; [Red] -0.00% or 0.00%_); (0.00%).

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We use cookies to give you the best experience on our website. If you continue to use this site, we will assume that you are satisfied with it. OkPrivacy Policy Then go to the Home Page and use the “Personal Style” button to format the cell as Personal. This will show you the Excel results as percentages, including decimals.

After correcting the shape of the cell, we write the equal sign and divide the discounted price in C3 by the original price, or the price before the discount.

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When we press Enter, we get the first important result, which means that the discounted price (€7) is 70% of the original price of €10.

However, since we are trying to calculate the discount, we must subtract this calculated number (70%) from 100%.

So this is the definitive formula to help you calculate the discount percentage in a quick and easy way.

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If the discount price changes to €9, Excel automatically recalculates the discount percentage and displays 10% in the target cell.

The formula works with all numbers and you get the result immediately – it can’t

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