# Here are 10 Excel formulas you should know (2023)

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Microsoft Excel is one of the most widely used data management and analysis applications. It is an essential tool for companies and individuals who need to organize and process data efficiently. However, many people find Excel intimidating, especially when it comes to using formulas. Knowing the right formulas can help you save time and increase productivity. In this article, we'll look at ten basic Excel formulas you need to know to get up and running.

1. i am formula

The SUM formula is one of the most basic yet essential formulas in Excel. Allows you to add values ​​to a range of cells. To use the SUM formula, select the cell where you want the result to appear, type "=SUM(), and then select the range of cells you want to add.

For example, if you have a spreadsheet that tracks sales for a retail business, you can use the SUM formula to calculate total sales for a specific period.

Suppose you have a spreadsheet with the following data:

To calculate total sales for this period, use the following formula:

=SUMA(B2:B5)

This will add the values ​​in cells B2 through B5 and display the result in the cell where you entered the formula.

Here is a sample excel table

2. Average Formula

The AVERAGE formula calculates the average value of a range of cells. To use this formula, select the cell where you want the result to appear, type "=AVERAGE(, and then select the range of cells you want to calculate. For example, "=AVERAGE(A1:A10) " will average the values ​​in cells A1 through A10. This can be useful in many business applications, such as calculating the average score of a test or the average monthly sales of a product.

Suppose you have a spreadsheet with the following data:

To calculate average monthly sales for this period, use the following formula:

=ŚREDNIA(B2:B5)

This will calculate the average of cells B2 through B5 and display the result in the cell where you entered the formula.

Here is an example Excel table:

3. MAX and MIN types

The MAX and MIN formulas find the highest and lowest values ​​in a range of cells, respectively. To use the MAX formula, select the cell where you want the result to appear, type "=MAX(, and then select the range of cells for which you want to find the maximum value. The MIN formula works similarly, except that you use " =MIN( " instead of "=MAX". These formulas can be useful in many business applications, such as identifying the highest and lowest sales prices during a given period.

Suppose you have a spreadsheet with the following data:

To find the highest sales value for this period, you would use the following formula:

=MAKS(B2:B5)

This will determine the highest value in cells B2 through B5 and display the result in the cell where you entered the formula.

To find the lowest sales value for this period, you would use the following formula:

=MIN(B2:B5)

This will determine the lowest value in cells B2 through B5 and display the result in the cell where you entered the formula.

Here is an example Excel table:

4 and 5. COUNT and COUNT IF type

The COUNT formula counts the number of cells in a range that contains numbers. To use this formula, select the cell where you want the result to appear, type "=NUM(, and then select the range of cells you want to count. For example, "=NUM(A1:A10)" will count the number of cells in cells A1 to A10 that contain numbers.

The COUNTIF formula counts the number of cells in a range that meet a specified condition. To use this formula, select the cell where you want the result to appear, type "=COUNTIF(, then specify the range of cells you want to find and the condition you want to apply. For example, "=COUNTIF(A1 : A10">50")" will count the number of cells in A1 to A10 that are greater than 50.

These formulas can be useful in many business applications, such as counting the number of orders received in a given month or the number of employees in a department.

Suppose you have a spreadsheet with the following data:

To count the number of employees in the HR department, you will use the following formula:

=CONTAR.SI(A2:A7,"HR")

This will count the number of cells from A2 to A7 that contain the text "HR" and display the result in the cell where you entered the formula.

Here is an example Excel table:

6. IF type

The IF formula is a powerful tool that allows you to perform various actions based on a specific condition. To use this formula, you must specify a condition and the actions to take if the condition is true or false. For example, "=IF(A1>50, "Yes", "No")" will return "Yes" if the value in cell A1 is greater than 50 and "No" if it is less than or equal to 50. This could be useful for many business applications, such as determining whether an employee has met a sales goal in a given month.

Suppose you have a spreadsheet with the following data:

To determine if an employee has met their sales goal, you can use the following formula:

=IF(B2>=500, "Goal reached", "Goal not reached")

This will perform a logical test to determine if the value in cell B2 is greater than or equal to 500. If the test is true, the formula will return the text "Target Reached." If the test is false, the formula will return the text "Error".

Here is an example Excel table:

7. BUSCARV formula

The VLOOKUP formula looks up a value in an array and returns the corresponding value in the same row. To use this formula, you must specify the value to search, the table to search, and the column number of the corresponding value. For example, "=VLOOKUP("Apples", A1:B10, 2, FALSE)" will look up "Apples" in the first column of A1:B10 and return the corresponding value in the second column. This can be useful in many business applications, such as finding the price of a product based on its name or finding a customer's name based on their account number.

Suppose you have a spreadsheet with the following data:

To find the price of "Product B", you will use the following formula:

= VLOOKUP("Product B", A2:B4, 2, FALSE)

This will search for "Product B" in the range A2 to B4 and return the value in the second column (price) in the same row. The "FALSE" argument tells the type to look for an exact match.

Here is an example Excel table:

8. COMBINED FORMULA

The CONCATENATE formula allows you to combine two or more pieces of text into one cell. To use this formula, type "=CONCATENATE(", then specify the text you want to concatenate, enclosed in quotes, separated by commas. For example, "=CONCATENATE("Hello", "World")" will concatenate the words "Hello" and "World" together to create the text "HelloWorld".

This can be useful in many business applications, such as combining first and last names in one cell, or combining multiple product names in one cell.

Suppose you have a spreadsheet with the following data:

To combine first and last name in a single cell, you would use the following formula:

=CONCATENAR(A2; " "; B2)

This will merge the text in cells A2 and B2 separated by a space and display the result in the cell where the formula was entered.

Here is an example Excel table:

9. LEFT and RIGHT types

The LEFT and RIGHT formulas output a certain number of characters from the beginning or end of a cell, respectively. To use the LEFT formula, select the cell in which you want the result to appear, type "=LEFT(), then specify the cell and the number of characters you want to output. The RIGHT formula works similarly, except that you use "=RIGHT (" instead of "=LEFT". This can be useful in many business applications, such as separating a customer's first name from their last name in a spreadsheet.

Suppose you have a spreadsheet with a column of customer names in the following format:

To extract the name of each customer name, you would use the LEFT formula:

=IZQUIERDA(A2,BUSCAR(“ “,A2)-1)

This will extract the characters from the left side of the text string in cell A2 up to the first space character. The FIND function is used to locate the first space character in a text string, and -1 is used to exclude the space character from the output text.

To extract the last name from each customer name, you would use the CORRECT pattern:

=DERECHO(A2,DEUDA(A2)-BUSCAR("",A2))

This will extract the characters to the right of the text string in cell A2, starting at the position of the first space character. The LEN function is used to determine the total length of a text string, and the FIND function is used to locate the first space.

Here is an example Excel table:

10. Formulas NOW and TODAY

The NOW and TODAY formulas allow you to enter the current date and time in a cell. To use the NOW formula, select the cell where you want the result to appear, type "=NOW()" and press Enter. The cell will display the current date and time. The TODAY formula works similarly, except that it only returns the current date, not the time. This can be useful in many business applications, such as tracking the date and time a specific task was completed.

The NOW formula enters the current date and time in the format "mm/dd/yyyy hh:mm":

=NOW()

The TODAY formula enters the current date in "mm/dd/yyyy" format:

=HOY()

Here is an example Excel table:

By using the NOW formula in the Completion Date column, you can track the exact date and time each task was completed. With the TODAY formula, you can track the date a specific task was completed, but without specifying the exact time.

If you want to implement a specific Excel project in your company, I can help! As an Excel expert, I have experience creating solutions tailored to specific business needs. Whether you want to optimize data management, automate reporting processes, or develop a new forecasting model, I can help you achieve your goals with Excel. If you would like to know more please email me and we can discuss your requirements further.

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Author: Margart Wisoky

Last Updated: 07/25/2023

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