How To Calculate Percentage In Excel Formula
This article was co-authored by Gina D’Amore. Gina D’Amore is a financial accountant and founder of Love’s Accounting. With 12 years of experience, Gina specializes in working with small companies in every area of accounting, including finance and human resources. He holds a bachelor’s degree in economics from Manhattanville College and a bookkeeping certificate from MiraCosta College.
How To Calculate Percentage In Excel Formula
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To determine what represents a discount or price increase, you must calculate the cost savings percentage. This basic calculation does not require advanced algebra or calculus skills. You can set up the calculation in a spreadsheet program like Microsoft Excel, but you can calculate the cost savings by hand. Currently, you need to know both the discount price and the original price.
This article was co-authored by Gina D’Amore. Gina D’Amore is a financial accountant and founder of Love’s Accounting. With 12 years of experience, Gina specializes in working with small companies in every area of accounting, including finance and human resources. He holds a bachelor’s degree in economics from Manhattanville College and a bookkeeping certificate from MiraCosta College. This article has been viewed 527,159 times.
To calculate the cost savings percentage, start by subtracting the item’s new price from the original price. Then, divide the price difference by the original price. Finally, multiply that decimal by 100 to get the cost savings percentage. To learn how to calculate cost savings percentage in Microsoft Excel, scroll down! Calculating percentages in Excel is simple. It only takes a few steps and focuses on basic arithmetic.
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Table of Contents Anatomy of the SUMIF Function Calculating Percentages as Ratios in Excel A Real Example How to Calculate Percentages in Excel
In mathematics, a ratio is basically a comparison between two numbers. So when two ratios are equal to each other. Simply put, it is a share or fraction in comparison or in relation to a whole group or number.
A percent is a fraction of 100. For example, 50 out of 100 or in percentage form, 50%. So what is the relationship between percentage and ratio?
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First, they both relate to parts of the whole. When we multiply the ratio by 100, we get the percentage of parts completely taken. Similarly, we get a ratio by multiplying a percentage by a whole.
We will cover two ways to calculate a percentage as a ratio in Excel based on a data set. The first is dividing the partial or sample value by the whole or total value. And the second is using the SUMIF function.
Let’s say you are a teacher who wants to calculate the percentage marks of a student’s exam results. So you need to know the percentile marks of students who score 85 out of 100 in the exam.
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In this example, you can divide 85 by 100 to get the percentage. Moreover, you can do this task quickly and easily in Excel, especially when handling large amounts of data.
Let’s look at our sample data. For example, we want to find the percentage of each product out of the total products ordered.
In this case, we have the total number of products ordered, which makes this calculation easier. The formula for calculating a percentage as a ratio in Excel is Part/Total = Percentage.
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Basically, we just need to divide the number of specific products ordered by the total number of products ordered.
Now let’s look at another scenario. For example, we want to calculate a percentage only as a ratio of certain products. In this case, we only want to know the percentage of juice out of the total products ordered.
In this case, we use the SUMIF function. First, we need to enter the parameter, which in this example is juice. Next, we need to select the range of products ordered. Finally, divide by the total products ordered. And late! We may receive a percentage of the juice products ordered.
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1. First, type = in the equals sign to start the calculation. Then, select the cell that contains the fraction or ratio you want to calculate. In this case, we choose B2. Finally, divide B7 by the total number of products ordered.
Also, we wrap B7 to turn it into an absolute cell reference. As we drag the formula down it locks onto our denominator. So the complete formula is =B2/$B$7.
3. Next, we need to convert the result from decimal to percentage. To do this, go to Home and click on the Number Format dropdown menu. Then, select the percentage.
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4. If the percentage has decimal places, we can remove it. First, select the percentage column and right click. Then, click on Number Format.
5. In the Number Format window, go to the Percentage category. and change the decimal places to zero. Finally, click OK to apply the changes.
6. Now, let’s just calculate the percentage of the particular product. First, create a table where we enter the result. Specify the product you are using, in this case juice. Also, we use it as a cell reference.
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7. Next, type ‘=SUMIF’ to start the function. Next, select the range that contains products A11:A15 and select the cell that contains the product you’re looking for, which is G10. And this will be our standard.
Finally, select the range B11:B15 containing the number of orders, and divide them all by the total number of products ordered. So the full formula is =SUMIF(A11:A15;G10;B11:B15)/$B$16.
8. Again, we need to convert the result from decimal to percentage. So right click on Decimal and select Number Format. Then, select the percentage square and change the decimal places to zero. Finally, click OK to apply the changes.
Percentage Formula In Excel
Great! It’s too much. You learned how to calculate percentages in Excel using basic formulas and the SUMIF function.
Are you interested in learning more about what Excel can do? You can use the various Microsoft Excel formulas available to create great worksheets that work for you. Make sure to subscribe to our newsletter to know about the latest guides and tutorials from us.
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2. Hover over cell B7 and drag to the right of cell D7. By doing this, we have copied the formulas of cell B7 to other cells and the formula will change according to the position of the reference cell.
3. To display the value as a percentage in the cell range B7:D7, select B7:D7, then go to the Home tab and click Percent Style to get it.
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