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How do I Create a formula to determine the percentage of income used for each expense. Be sure to format it as a percentage. Place that formula in the row next to the total of each monthly expense?
Wiki User
∙ 13y ago
To find the percentage of each expense, you would divide the total expenses by the total of each expense category. Right-click on the cell where you want to display the percentage and format the cell to display the value as a percent. You also can select the number of decimal places to display.
If your total expenses are displayed in cell N12 and your office expenses are in cell N3, put the following formula in O3: =N3/N12. This will divide the office expenses by the total expenses and give you a decimal. If Total Expenses are $100 and Office Expenses are $20, cell O3 will display .2. When you format the cell to display as a percent, you will see .2 change to 20% (if you format to display 0 decimal places). If you want to display as 20.00%, then format to display 2 decimal places.
Wiki User
∙ 13y ago
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