In cell D21, type the formula to calculate the % change from
January to February. That formula is: =(J18-E18)/ABS(E18).
Format the result in the Percentage style and decrease the
decimal places if necessary to round the result to the nearest
whole percent
(569.46-521.07)/abs(521.07)
I'm confused can someone please help me im not sure what the abs is? or if im doing this right?
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Thank you
Sure, I can help you understand the formula and guide you through it step by step.
In this case, the formula to calculate the percentage change from January to February is:
=(J18-E18)/ABS(E18)
Let's break down this formula:
1. J18 represents the value of February.
2. E18 represents the value of January.
To calculate the percentage change, we need to subtract the value of January from the value of February, and then divide that by the absolute value of the value in January. The ABS function is used to get the absolute value of a number, which ensures that the result is always positive.
So, for your question, the calculation would be:
=(569.46-521.07)/ABS(521.07)
To solve this, you subtract the value of January (521.07) from the value of February (569.46). Then divide the result by the absolute value of the value in January (521.07). The ABS function makes sure that the denominator is positive regardless of whether the percentage change is positive or negative.
Once you've entered this formula into cell D21, you can format the result in percentage style and decrease the decimal places to round the result to the nearest whole percent. Formatting options may vary depending on the software or spreadsheet you are using, but you should be able to find the percentage formatting option and set the desired number of decimal places.
I hope this helps! Let me know if you have any further questions.