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excel training in uk and other Microsoft training courses. | Excel tip:
Naming and Using Constants
Constants make calculations easier so worksheets are more easily understood. Constant values also need to be given relevant and memorably names. It is also easier to change the value of a constant.
For example:
Instead of entering 17.5% in each cell when you generate a VAT amount you could name a Constant "VAT" and assigning a "0.175" value to it. To do this:
From the 'Insert' menu select 'Name', then select 'Define'.
Enter the constantīs name as 'VAT' (no spaces allowed) in the 'Names in Workbook' line.
Enter the constant value of '0.175' in the 'Refers To' text box - making sure any other text has been deleted.
Click OK.
In Excel you may have cell 'B10' as containing an amount and in 'C10' you want to work out the VAT on the amount in 'B10'.
The formula would be
=B10*VAT
This formula will generate the amount of VAT only.
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