Question

what is the most appropriate formula you can put in the B2 cell to calculate a 7% tax?
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Answer 1

Answer:

Select the cell you will place the calculated result, enter the formula =B1*B2 (B1 is the price exclusive of tax, and B2 is the tax rate), and press the Enter key.

Answer 2

The most appropriate formulation which can be put in cell B2 to calculate 7% tax is =A2*0.07

A. =A2*0.07

Let's complete the question

What is the most appropriate formula you can put in the B2 cell to calculate a 7% tax?

A. =A2*0.07

B. =A2*0.7%

C. =A2*0.7

D. =A2+(A2*0.07)

Explanation

Let's see how the percentage is getting calculated.

A2 cell contains the amount on which 7% has to be calculated.

So,

1234.56 * (7/100)

1234.56 * 0.07

86.4192

7% of the amount given in cell A2 will be $86.4192

$86.4192 will be present in cell B2 as the formula is entered in this cell only.

Extra Information

In Excel, columns are named as A, B, C, D, E, F, and so on.

In Excel, rows are named as 1, 2, 3, 4, 5, 6, and so on.

Cells in an Excel sheet are made with intersections of rows and columns.

Cell Address is used to identify cell on an Excel Sheet and Cell Address comprises of a letter and a number. The letter shows the column and the number shows the row.

Example

A1

In this, it is the cell that is present in column A and row 1.

D6

In this, it is the cell that is present in column D and row 6.

Function is a predefined formula that allows users to perform mathematical, statistical, and logical operations.

There are various functions in Microsoft Excel some of them are:

1. SUM

2. AVERAGE

3. COUNT

4. IF

5. MAX

6. MIN

There are two formats by which you can apply Excel functions on cells.

1. Name of Function (Range of Cells i.e. Starting Cell : Ending Cell)

Example

=AVERAGE(A1:A3)

2. Name of Function (Each Cell Address separated with a comma(,))

Example

=AVERAGE(A1,A2,A3)

Example

Suppose you want to add values present in cells from A1 to A5 and display the sum in A6.

First, write the values in A1 to A5 and then click on A6 cell and type=SUM(A1:A5)

After that press "Enter"

In the A6 cell, you will get the sum of values present in cells from A1 to A5.

In case you have typed the wrong formula or want to modify it then you can click on the cell where you have written the formula and there will be a Formula Bar available above the worksheet area which will show the formula that you have written in the cell and you can edit it.