# Excel | Range names exercise | Muffin Man - Using Range Names in Formulae

This exercise is provided to allow potential course delegates to choose the correct Wise Owl Microsoft training course, and may not be reproduced in whole or in part in any format without the prior written consent of Wise Owl.

 Software ==> Excel  (151 exercises) Version ==> Excel 2013 and later Topic ==> Range names  (13 exercises) Level ==> Average difficulty Subject ==> Excel training
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Open the file in the folder shown above.

Create range names for the ingredients, sale price and overheads figures (Hint:  there is a quick menu option that can do all 3 for you).

Remember you can press F3 to see a list of names for your formulae

Create a formula in cell C4 that calculates the Revenue and uses the range name for the sale price.  Copy this formula down to the cells below.

Create a formula in cell D4 that calculates the Costs and uses the range name for the  Ingredients and Overheads figures and copy this formula down to the cells below.

Create a formula in cell E4 that calculates the Profit and copy this down too.  Use the following to help you:

Revenue = Sales * Sale Price

Costs = (Ingredients * Sales) + (Overheads * Sales)

Profits = Revenue - Costs

Check that the answers change when you change the figures for the Ingredients, Sale Price and Overheads.

Re-save the file with the same name and close it.

You can unzip this file to see the answers to this exercise, although please remember this is for your personal use only.