Now, the denominator is fixed for all the percent calculations. Now, make the percentage of total formula denominator too. You will get the same result after making the percentage formula absolute. Here, $B indicates not to rewrite column and $16 to rows. After adding the $ to the formula, the formula will be something like below: $ before the cell reference in formula will fix the value. For this, make a little bit change in the formula by adding $ in the denominator row and column. So, we want to make the denominator an absolute reference. We want the denominator to be fixed for all percentage calculations so that each month expense will divide by the same total. We will autofill the formula for other month expenses (till row 15). Or follow the below steps for fast calculation.
Now, use the same formula with other month expenses to calculate the percentage. We will later change it into a percentage after calculating for all other months.
Step 7: Hit the Enter key and see the contribution of January month expenses from year total (percentage of total).Ĭurrently, both resultant values are in decimal form rather than percent. Step 6: Now, use the following formula to find the percentage of total and see how it is different than the simple percentage. Step 5: Hit the Enter key and see the contribution of January month expenses from the month total. This formula is for simple percentage calculation. Step 4: For the January month, use the following formula in which the January amount is divided by the total. In the column C, we will store the result of percentage and in column D, we will store the result of percentage of total. Now, calculate the simple percentage and percentage of total for the first month. Step 2: Hit the Enter key and get the calculated sum, i.e., 31200. For this, write the formula to find the total sum of the given months in the B16 cell. Step 1: Firstly, we will calculate the total of all months. Before anything else, you need sum of expense (total expense) so that we can calculate the percentage of total. Here, we will calculate the percentage of expenses for each month. We have a list of travel expenses for a year (January to December) in column B. Example to calculate the percentage of total Fractions are converted to a percentage by multiplying them by 100%. People use the percentage calculation in their daily life. Percentage is calculated using the basic operation (multiply and division) of mathematic, we described above. Percentage is one of the essential formulas of mathematics that the Excel users may require to calculate the percentage on Excel data. So, after applying the percentage of total formula, i.e., =A3/B3, it returns 12% after applying the percentage format on the resultant value. Therefore, the motorbike has decreased in value by 19\% and not 20\%.In this formula, part of the work done is divided by the total work but not multiplied by 100.įor example, A month expense is 3000 (cell A3) and the total expense is 24800 (cell B3). The original value of the motorbike was £100, and its new value is £81, so the percentage decrease can be calculated as follows: If not, remember that to calculate a percentage decrease (or increase), you need to divide the difference between the two values by the original value and multiply by 100. Since we set the motorbike’s original price as £100, the percentage decrease here should be relatively obvious. So the motorbike has decreased in value from £100 to £81. So the new value of the motorbike is £81. If the motorbike now costs £90 and is further reduced by 10\%, then we need to deduct 10\% from this £90 value (and not the previous £100 value). If the motorbike costs £100, when if it is reduced by 10\%, then its new value is £90. You can invent any price you want, but it would be advisable to make the price a nice, easy number and, since this question concerns percentages, giving the motorbike a price of £100 makes life extremely easy. The easiest thing to do to solve this question is to invent a price for the motorbike. To most people, this would appear a very easy question with an answer of 20\%, but this answer is, sadly, incorrect!
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