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

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You can learn how to do this exercise if you attend one of more of the courses listed below!

Software ==> Excel  (151 exercises)
Version ==> Excel 2013 and later
Topic ==> Range names  (13 exercises)
Level ==> Average difficulty
Classroom ==> Excel Business Modelling  /  Excel Intermediate
Online ==> Excel Business Modelling  /  Excel Intermediate
Before you can do this exercise, you'll need to download and unzip this file (if you have any problems doing this, click here for help).

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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).

Muffin Man - Using Range Names in Formulae

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.
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