This post focuses on quick ways to access** Excel**** formulas** with step-by-step description which are very useful in our day-to-day life.

*Advantages of Excel Formulas*

- Performs automated math operations to data in the spreadsheet.
- Cell reference in excel allows users to use the same formula for different values.
- Calculates large quantities of data in an efficient manner.
- Gives better and faster results.
- Maintain records of any organization.
- Microsoft Excel offers users hundreds of different functions for a variety of purposes but not everyone is aware of its usage.
- In addition to that, it can also analyze personal finance.
- Helps in data analysis and boosting up productivity in any process.
- Knowing Excel makes a person more marketable.

Almost every person knows its basic working but very few are proficient with proper formulas. So it is very much important to know **“how to use the right formula at the right place”.**

Apart from learning excel tips and tricks, a person should know smarter ways to complete work efficiently. Additionally, it is the need of an hour to be aware of every latest technology.

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Article – How to compress a video?

This is finally the right place for people who have been struggling to find appropriate formulas. Because here you will find a list of quick ways to access Microsoft Excel Formulas.

Above all please refer to the below data while doing calculations.

Top Products |
Product Code |
Quantity |
Price |

Mobile | A | 4 | 5000 |

Camera | B | 3 | 2000 |

Laptop | C | 2 | 1500 |

Watches | W | 5 | 3000 |

TV | T | 6 | 4000 |

Refrigerator | R | 8 | 9000 |

**SUM**

**SUM**

*Add the values for a range of cells*.

*=SUM(start range:end range) *

**MIN**

**MIN**

*Finds minimum number between two or more numbers/from a range of numbers.*

*=MIN(start range:end range) or =MIN(Number 1,Number 2)*

*MAX*

*MAX*

*Similarly, this function finds maximum number between two or more numbers/from a range of numbers.*

*=MAX(start range:end range) or =MAX(Number 1,Number 2)*

*TODAY*

*TODAY*

*Returns current date as described in settings.*

*=TODAY()*

*AVERAGE*

*AVERAGE*

*Returns the average (arithmetic mean) of the arguments.*

*=AVERAGE(**start range:end range)*

In the above screenshot as you can see when the average is calculated by =SUM/COUNT result is the same as the result obtained from the AVERAGE FORMULA but obviously result from AVERAGE Function is only a single step process. Hence this formula is an example that how easy it becomes if we are familiar with an appropriate formula.

*CONCATENATE*

*CONCATENATE*

*Joins several text strings into one text string.*

*= CONCATENATE(text1, [text2], ….)*

*CONVERT*

*CONVERT*

It *converts a number from one measurement system to another*

*= CONVERT(number,from_unit,to_unit)*

*LEN*

*LEN*

*Returns the number of characters in a text string*.

*= LEN(text)*

*IF*

*IF*

*Checks whether a condition is met, and returns one value if TRUE, and another value if FALSE.*

*= IF(logical_test,[value_if_true],[value_if_false])*

## SUMPRODUCT

*Returns the sum of the products of corresponding ranges or arrays.It first multiples then adds the values of the input arrays. *

*= SUMPRODUCT(array1,[array2],[array3],….)*

*Note :*

*Note :*

It saves lots of time and a very useful formula for big calculations as it follows very few steps rather than other formulas which follows a lengthy process. Like, Firstly calculate the product of arrays for each cell and then add input arrays using the SUM function. Instead of that use only one formula SUMPRODUCT().

## LEFT & RIGHT

*LEFT() function returns the specified number of characters from the start of a text string. *

*RIGHT() function returns the specified number of characters from the end of a text string. *

*= LEFT(text,[num_chars])*

*= RIGHT(text,[num_chars])*

## MID

*Returns the characters from the middle of a text string,given a starting position and length.*

*= MID(text,start_num,[num_chars])*

## SUBSTITUTE

*Replaces existing text with new text in a text string*.

*= SUBSTITUTE(text,old_text,new_text,[instance_num])*

**text**-text for which you want to substitute characters. (Required)**old_text**-the text you want to replace. (Required)**new_text**-the text you want to replace**old_text**with. (Required)**instance_num**-Specifies which occurrence of**old_text**you want to replace with**new_text**. (Optional)

## FIND

*Returns the starting position of one text string within another text string.FIND is case-sensitive.*

*= FIND(find_text,within_text,[start_num])*

Note: start_num – Specifies the character at which to start the search. The first character in within_text is character number 1. If you omit start_num, it is assumed to be 1.

## EXACT

*Checks whether two strings are exactly same and returns true or false.EXACT is case-sensitive.*

*= EXACT(text1,text2)*

## SUMIF

*Add the cells specified by a given condition or criteria.*

*= SUMIF(range,criteria,[sum_range])*

**range**-the range of cells you want to be evaluated by criteria. (Required)**criteria**– criteria in the form of a number, text, a cell reference, expression, or a function that defines which cells will be added. (Required)**sum_range**– the cells to add together. If sum_range is omitted, the cells in the range are added together instead(Optional)

## AVERAGEIF

*Finds average(arithmetic mean) for the cells specified by a given condition or criteria.*

*= AVERAGEIF(range,criteria,[average_range])*

**range**– one or more cells to average, including numbers or names, arrays, or references that contain numbers. (Required)**criteria**– criteria in the form of a number, text, a cell reference or expression that defines which cells are averaged. (Required)**average_range**– the actual set of cells to average. If average_range is omitted, the range is used. (Optional)

## VLOOKUP

*Looks for a value in the leftmost column of a table,and then returns a value in the same row from a column you specify.By default,the table must be sorted in ascending order.*

*= VLOOKUP(lookup_value,table_array,col_index_num,[range_lookup])*

**lookup_value –**select the value to lookup**table_array**– range containing the lookup value.– the column number in the range containing the return value*col_index_num*optionally specify TRUE for an approximate match or FALSE for an exact match.*range_lookup-*

## LOWER & UPPER

*LOWER() function converts all letters in a text string to lowercase.*

*In the end,UPPER() function converts a text string to all uppercase letters.*

*= LOWER(text)*

*= UPPER(text)*

In short,I have listed mostly the formulas which are used in daily official work.

Please read below articles for reference.

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