Asked By
marlin zee
0 points
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Posted on - 01/13/2012
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I need to increase the price of commodities that are entered into an Excel worksheet by 5%. Please detail me the procedure of calculating and entering the new price into each row. Also, I would like to know about the function that will help you in returning the name of the worksheet in Excel.
Excel formulas on each row
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There are lots of ways to solve your problem in increasing prices of commodities in your Excel Worksheet by 5%. First of all, you must enter it manually to increase it to 5%.
For example you entered a date in a cell 500. You may write in a its column as "Previous Price" then the right side column you will add "Increased by 5%.
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Previous Price
|
Increased by (%)
|
Present Price
|
500
|
5
|
525
|
300
|
5
|
315
|
200
|
5
|
210
|
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The formula you will use in getting the accurate result is type this in the cell in your present prices =SUM (Previous Price/100*5+Previous Price), then you'll get your result.
Excel formulas on each row
Here I have shown the whole document to make it clear for you. Suppose, you have 6 types of products X, Y, Z, XY, YZ, ZX. I have put those products names in the cell range A2:A7. In the range of B2:B7, the previous price is written down. In the C column I have put the rate of percentage. In the column D, the value of that percentage is shown. If you multiply B column with C column, then you will get the D column which is the additional price of those products. In column E, if you put this formula =B2* (1+C2), then you will get the current price. You can also use =B2+D2 instead of =B2* (1+C2).
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Hope this helps.
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