Excel Skills | Exercises | Entering Formulas & Linking Cells

InstructionsEntering Formulas & Linking CellsStepTask1Open the GP sheet and enter a formula in cell D4 which deducts the cost of sales amount in cell C4 from the sales amount in cell B4.2Copy cell D4.3Paste only the cell formula into cells D5 to D12.4Select cell E4 and enter a formula in this cell which divides the gross profit amount in cell D4 by the sales amount in cell B4 in order to calculate a monthly gross profit percentage.5Copy cell E4.6Paste only the cell formula into cells E5 to E12.7Select the cell range from cell A3 to cell B11 and copy this cell range.8Open the Comm sheet, select cell A3 and paste the selected cell range so that the orientation of the copied cells changes from row based to column based. The month names will therefore now form the column headings. When selecting the appropriate paste options, make sure that you only paste the cell values.9Select cell B9 and enter a formula which will enable you to calculate a monthly commission amount based on the two commission percentages that have been entered in cells B6 and B7. 10Copy cell B9.11Paste all the contents of cell B9 into the cell range from cell B9 to cell I10.12Open the Sales sheet and link cell B4 on the Sales sheet to cell B4 on the GP sheet.13Copy cell B4 on the Sales sheet.14Paste only the cell formula into cell B5 to B11.15Select cell C4 and enter a formula which can be used to calculate a cumulative sales total for all the cells in column C (Tip: You will have to use the SUM function, use the same cell reference as both the from and to referral points for the sum cell range and change the first cell reference to an absolute cell reference).16Copy cell C4.17Paste only the cell formula into cell C5 to C11.18Open the Tax sheet and select the cell range from cell A5 to cell D14.19Insert the selected cell range into an Excel table.20Select cell B6 and link the cell to cell B4 on the GP sheet. Note how the formulas in the other cells in column B are automatically copied when the cell range is included in an Excel table.21Select cell C6 and enter a formula which multiplies the appropriate monthly sales amount by the sales tax percentage that has been specified in cell B3. Note that you will have to use an absolute cell reference to refer to the sales tax percentage otherwise the other sales tax amounts in column C will not be calculated correctly.22Enter a formula in cell D6 which sums the sales and tax amounts for each row that is included in the table.23Note the formula in cell D6 - this is an example of structured cell referencing which is a unique cell referencing system to Excel tables. Change the default Table1 name to: TaxTable24Note how the formulas in the cells that are included in the Excel table are automatically updated with the new table name. Now add a total row to the table.25Select cell B15 and add a SUM calculation to this column total. Do the same in cell C15.26Open the GP sheet and note that the formula that has been included in column E displays an error if the sales amount in column B is nil. Edit the formula in cell E4 by adding an IF function to it in order to display a nil value if the sales amount in column B is nil.27Copy cell E4.28Paste only the cell formula into cells E5 to E12. Cell E12 should now contain a nil value.

GPExample Limited

MonthSalesCost of SalesGross ProfitGP%Aug-2011100,00065,00035,00035.0%Sep-201185,00052,00033,00038.8%Oct-201190,00053,00037,00041.1%Nov-2011115,00059,00056,00048.7%Dec-2011107,00061,00046,00043.0%Jan-2012101,00062,00039,00038.6%Feb-2012105,00058,00047,00044.8%Mar-2012112,00063,00049,00043.8%Apr-20120.00.00.0

CommExample Limited

Commission 1 %10.0%Commission 2 %7.5%

Commission 1 AmountCommission 2 Amount

SalesExample Limited

MonthSalesCumulativeAug-2011Sep-2011Oct-2011Nov-2011Dec-2011Jan-2012Feb-2012Mar-2012

TaxExample LimitedSales Tax %14.0%

MonthSalesTaxTotalAug-2011Sep-2011Oct-2011Nov-2011Dec-2011Jan-2012Feb-2012Mar-2012Apr-2012