The difference is your overall profit, in this example the formula result would be $17. Input a formula in the final column to calculate the profit margin on the sale.

Microsoft has been adding new features to Excel lately, and the latest one could change the way people work with formulas.

Calculate the gross profit percentage by using Excel's division operator. Continuing with the example above, if your gross profit is in cell C3, type the formula "=C3/B1" to calculate the percentage.

Understand the basics of the gross profit margin including its interpretation as a measure of profitability and its calculation using Microsoft Excel.

This video will help you in understanding the basic concept of Profit and Loss and shortcut formulas to quickly attempt these questions in competitive exams.

Excel table formulas driving you crazy? Learn the fix to lock column references, prevent errors, and simplify your spreadsheet calculations ...