Want to track your business's progress, analyze sales data, or monitor investment returns? Excel's percent change formula is your secret weapon! It reveals the percentage increase or decrease between two values, giving you valuable insights at a glance.
Here's the magic formula: `=(New Value - Old Value) / Old Value`. Simply plug in your 'New Value' and 'Old Value' into the formula in an Excel cell, and format the result as a percentage (%).
For example, if sales increased from $1000 last month to $1200 this month, the formula would be `=(1200-1000)/1000`, which equals 0.2 or 20%. This clearly indicates a 20% increase in sales.
Excel makes it even easier. You can reference cells containing the 'New Value' and 'Old Value' instead of typing them directly into the formula. This allows you to quickly update the percentage change as your data changes. Mastering this simple formula empowers you to identify trends, measure performance, and make data-driven decisions. So, get calculating and uncover the stories hidden within your numbers!
