Increasing values by a percentage
Hello, does anyone know how I increase the values in all of the cells in a column by a percentage ? I want to add 0.5% to each of the values in the cells. Many thanks in advance.
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Hello, does anyone know how I increase the values in all of the cells in a column by a percentage ? I want to add 0.5% to each of the values in the cells. Many thanks in advance.
If cell B2 has your value you want to increase and cell C2 has the percentage (i.e., the number 0.005 with the cell formatted as a percentage so it displays as 0.5%, or you typed 0.5% into the cell which will do this) then in another cell use the formula
=B2*(1+C2)
If cell B2 has your value you want to increase and cell C2 has the percentage (i.e., the number 0.005 with the cell formatted as a percentage so it displays as 0.5%, or you typed 0.5% into the cell which will do this) then in another cell use the formula
=B2*(1+C2)
Perfect! Thank you so much! Out of interest , why does one have to add '1' to the percentage? That's where I was going wrong!
100% to stay where you started + 0.5% increase.
Example:
60 increased by 4% = 60 + 4% increase = 60 + 4%*60 = 60*(1 + 4%) = 60*(100% + 4%) = 60*(104%)
Increasing values by a percentage