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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.
Open the file in the folder shown above.
Create range names for the ingredients, sale price and overheads figures (remember that there is a quick menu option that can do all 3 for you in one go).
Have YOU seen the muffin man? The muffin man? The muffn man?
Create a formula in cell C4 that calculates the revenue using the range name for the sale price:
Revenue = Sales * Sale Price
Copy this formula down to the cells below. Create a formula in cell D4 that calculates the costs using the range name for the ingredients and overheads figures, and copy this formula down to the cells below.
Costs = (Ingredients * Sales) + (Overheads * Sales)
Create a formula in cell E4 that calculates the profit and copy this down too. Use the following to help you:
Profits = Revenue - Costs
Check that the answers change when you change the figures for the ingredients, sale price and overhead cells:
What your final figures might look like.
Use Save As... to save your workbook in your new work folder.
You can find other training resources for the subject of this exercise here:
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