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“Row. Six here. We d like to calculate the percent of increase now we could could do this for either sales or overhead or profits. The data.
We see in two three and four so maybe that heading we might consider changing at some point. But let s talk initially about the concept. We re trying to show what has changed from month to month now in january. We have no previous entry.
So actually there s nothing to put in the cell for january here in cell. B6. But starting in february. We want to either be comparing these two sales numbers or these two overhead numbers possibly the two profit numbers.
Let s suppose we re working with profits here. We want to show the percent of increase. We grew from twenty to thirty what s the percent now maybe this recalls fond memories of high school math. And maybe you remember how to do this maybe you don t but the formula we can approach in a couple of different ways might begin with the idea that we need to calculate the difference first so a standard way to calculate a percent of increase is to begin our formula as always with the equal sign and then subtract these two entries.
The later entry c4 minus..
The earlier entry. B4. And you can click those cells or type. Them.
So. We want to subtract these and then divide by the starting entry now some of you may know that the answer here should be 50 percent or 05. Something along those lines. But when we press enter here.
It s obviously not correct 29. 29. What and it brings out something real basic in excel. When you work with formulas.
There s something called the order precedent or the rules of precedence in excel. When you write formulas excel looks at the operators in other words the minus. The division sign the asterisk for multiplication the plus for division and it goes by what we call a hierarchy or an order of precedence and over in column. A.
I put these here for reference and you may not know what all the mean particularly this one here which we ll mention in a bit..
But in excel. If you don t have anything special. We haven t put anything special. Just yet excel analyzes the formula imagine it looking at that list in column.
A the first symbol that it sees there that s in the formula is the division. So it actually calculates this first and that of course is equal to one what s c four minus one well it s 29. That s why we get this answer. What is it we really want to do first we want to do the subtraction and so by putting in parentheses.
The first portion of this formula this way now when excel sees this formula it looks at its order of hierarchy. Here. It s going to do what s within the parentheses. First and then it s going to do the division.
And here is the answer that probably would have been hoping for and it might not quite be in the format that you had hoped but that is a correct answer and if we do want to display this as a percent. We ll use on the home tab in the number group the percent symbol right here. And that s probably the way. Most of us would want to display this now the label says percent increase which wouldn t be quite correct.
Because maybe some of these are going to decrease..
So they might consider changing that for example two percent change or profit change. Something like that percent profit change. Now do we want to do the same kind of thing in adjacent cells. Yes remember what we re doing here in in cell.
C6. Is calculating the relationship between those two cells and sure enough in this cell right here. We want to be doing the same kind of calculation with these two cells. So we simply going back to cell c6.
We ll drag that fill handle in the lower right hand corner into these cells to begin analyzing the other data. And let s say and within this first six months. It s quite erratic we grew by 50 then by two thirds 67 percent. Then it went flat.
Then it grew by 30. The group by 23 percent and by the way if some of these numbers go negative. You ll have to use other techniques to figure out a better way to display these. But these are the kinds of calculations that sometimes you just have to more or less figure out on your own.
If you go to an excel manual lookup..
Percent of increase. You probably will not find that it might turn up in an example here there so using the symbols that we use in math. The plus and minus the asterisk and slash and the parentheses. That takes care of most formula issues and many many times when you see a formula and you know the answers wrong first thing to look for in most times are the parentheses.
Lacking or the parentheses. Not visible you forgot to put them in the caret symbols. Some of you might use occasionally. It s for raising a number to a power for example.
If i need to know what 20 squared is i see the 20 up there equal the cell caret to that raises it to the second power or squares at 3 wood cubed and so on. But we have the components of very sophisticated and lengthy formulas when needed with these symbols here and of course. Many many times. Our formulas are much more direct and straightforward as we see them here.
But a percent increase percent change standard kind of calculation pretty easy to achieve ultimately in excel. ” ..
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