Asked By
marlin zee
0 points
N/A
Posted on - 01/13/2012
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
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%.
Previous Price
|
Increased by (%)
|
Present Price
|
500
|
5
|
525
|
300
|
5
|
315
|
200
|
5
|
210
|
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).
Hope this helps.