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EXCEL 2013 EXERCISES
Exercise: Muffin Man - Using Range Names in Formulae
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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.