MS Excel
What is gross, net and operating profit margin and how to calculate it in Excel
It is natural for every company or business to have a daily management system for the profits obtained from the sales of a product. But it is very true that there are terms and data that can help facilitate this work, for this we will talk about the profit margin.
What is the profit margin?
The profit margin is the inequality between the amount of sale of an item or service, fixed and variable expenses. This inso is related to the processes of commercialization and maintenance of a company or company.
Why is profit margin important?
For a company to function well internally, it is important to take into account everything that the profit margin implies. Knowing the difference in the price of an item and its elements involved will allow having data that will help to visualize if the applied strategy is profitable.
Taking the profit margin into account will allow a company, whether a sole proprietorship or corporate, to understand whether the distributors are the right ones to boost resources. By having a profit margin, you will be able to answer questions that arise as a project progresses, and they are these:
 Does the sale that is made satisfy the needs of those who make up a company or team?
 Is there a way to minimize the expenses that are made in the production, without affecting the quality of the product?
 Is the marketing strategy that is implemented to generate more profits functional and practical?
What is gross, net, and operating margin?
Next, we will show you a brief explanation in the form of an outline of what a net, gross, and operating profit margin is.
The gross profit margin: It refers to what is earned after deducting the final price of the direct and indirect costs in the production of an item.
The net margin: It is the one that is acquired once the fixed expenses such as water, electricity, services among others that are carried out around the business are subtracted.
Operating profit margin: This is a financial percentage that measures the performance of a company, through the functions acquired before the payment of taxes and interests.
Calculate Profit Margin in Excel How?
 Open the Excel program and create a new spreadsheet where you will use the columns ‘Revenue’, ‘Cost of Production’, ‘Profit’, and ‘Profit Margin’.
 In the column labeled ‘Income’, you will enter the price of one of the items on offer.
 In the column ‘Cost of production,’ you will add the total cost that involves labor plus services.
 Identify the gross profit, this will be updated in the column ‘Profit’. Here you will enter a calculation formula that subtracts the cost of production data from the data in the Income column, the formula is = B2C2.
 To calculate the profit margin or percentage, you must change the formula mentioned above and it would be D2 / B2 * 100.
 To keep a more accurate control, make a column to record the data of the number of items you sell per day. To do this, use the following formula = B2 * (plus the price of the item), where B2 corresponds to the number of products sold, and the amount you place after is the amount that the product is canceled.
 Copy the formulation down, in order to have the totals for each item, at the same time select the addition formula and the boxes that correspond to the same data.
 Next, in another Excel sheet within the same file that you already have, you will create columns that have the following data ‘Fixed Expenses’, ‘Variable Expenses’, ‘Total Expenses’, and another called ‘Profit’.
 For this new sheet to be updated exactly like the previous one, you just have to press the equal sign (=) next to the box where the total profit for the month is and press ‘Enter’.
 To calculate the net profit, you just have to apply the formula that we have explained to you in previous steps.
 Finally, you will write the formula that responds to the percentage margin of net profit.
We have successfully concluded this article, we hope it will be very useful and although it is a bit tedious, it is important for your company.
MS Excel
Introduction to Microsoft Excel to Get Better
You need to pay attention to this introduction to Microsoft Excel before you learn the various features and formulas.
If your daily activities are related to numbers or finances, then Excel is ready to make your life easier, guys.
Then what kind of software is this one, and what are the benefits to make your work easier? Here’s the full review.
INTRODUCTION TO MICROSOFT EXCEL
The Microsoft Excel that you are currently using, of course, has undergone a lot of changes from year to year since it was first created.
If your PC or laptop has Microsoft Word and PowerPoint installed, chances are you already have Excel software.
To use this software is basically also quite easy, although not as easy as Microsoft Word, yes. Because it also contains some long formulas.
Because of that, Excel is the software used by many people. Namely the completeness of the features or formulas.
Relax, you can learn all that and OKEGUYS will review it in full in each article.
Benefits of Microsoft Excel
The main function of this software is to process numbers, starting from doing simple calculations, statistics, graphs, solving logic or math problems, and much more.
All of these things you will easily do with the help of Excel formulas, which I will discuss in the next article.
You also need to know, that Excel formulas are also very many and varied, so each formula has its own function.
So, stay tuned for the next update to learn more about Microsoft Excel!
MS Excel
View Microsoft Excel’s Appearance and Functions
After you know what are the functions of Microsoft Excel in general, then the next thing is to know the appearance of the interface and the function of each menu in Microsoft Excel.
Of course, this display will be different depending on the version you are using, and this time is using Office 2013.
But don’t worry, even though there are differences, it’s only a small part, unless you’re using the 2007 version and below.
So what are the functions of the Excel menu? Here’s the full review.
MICROSOFT EXCEL INTERFACE DISPLAY
The display of Excel is divided into several sections and for more details, you can pay attention to the following picture.
1. Quick Access Toolbar
The first is the place or menu that you will use the most, consisting of several functions starting from Home, Insert, and so on.
In this function, there are still other features that will help your work.
2. Ribbon
Next, there is the Ribbon which contains a collection of commands that have been grouped on their respective functions.
3. Microsoft Excel Formula Bar Display
Then there is a formula bar that indicates an active cell address and its contents. This feature will also be a place where you can write excel formulas, guys.
4. Worksheet Area
Simply put, a worksheet is your worksheet which consists of many cells indicated by columns with ABC symbols and rows or rows with number symbols.
In this area, you can directly write various kinds of data.
Well, that’s a glimpse of how Excel looks. That’s all and hopefully useful, yes.
MS Excel
How to Open an Excel File and Choose the Correct Format
How to open an Excel file is very easy and basic, Microsoft Excel can open several types of files, this time OKEGUYS will discuss it with you.
Not only Xlsx but there are several other types that you can of course open with Microsoft Excel.
Anything? Come on, follow the complete tutorial this time.
HOW TO OPEN AN EXCEL FILE
If you have previously understood the appearance of Excel and its functions, then now is how to open the file.
It’s quite easy, it can even be very easy.
Only, what you need to pay attention to is your Excel format and the version of Office that is on your laptop or PC.
If your file is Xlsx, then you can open it with various existing versions of Office.
And to open it you can go to the File – Open – Computer – Browse menu like this.
In this example I am using the 2013 version of Office, if you are using another version there might be some differences, which are basically the same, really.
Then you just need to find the location of your file folder and click Open.
In addition to this method, you can also directly press Enter on your file, really. With a note that the file has the appropriate format, yes.
Excel File Type
By default, your worksheet will be saved in Xlsx format, provided you are using Office version 2007 and above.
But it’s different if you use the 2003 version and below which no one seems to use at this time.
So, for convenience, if you use Excel, it would be better if you have an Xlsx file, which you can easily open in other places.
That’s all for this tutorial, and I hope it’s useful.

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