Excel Tutorial: How To Convert Percentage Into Number In Excel

Introduction

Are you struggling to convert percentages into numbers in Excel? You're not alone. Many individuals and businesses often encounter this issue when working with data in Excel. In this Excel tutorial, we will explore the step-by-step process of converting percentages into numbers, and the importance of being able to do so accurately. Whether you're analyzing sales figures, calculating interest rates, or simply need to perform basic arithmetic, understanding how to convert percentages into numbers is a crucial skill for anyone working with Excel.

Key Takeaways

• Converting percentages into numbers is a common challenge when working with Excel data.
• Understanding how percentages are represented in Excel is crucial for accurate conversion.
• There are multiple methods for converting percentages into numbers, including the multiplication and value methods.
• Formatting the number and using formulas can help ensure accuracy in the conversion process.
• Checking for accuracy and using shortcuts can streamline the conversion process and improve efficiency.

Understanding Percentage in Excel

When working with numbers in Excel, it is important to understand how percentages are handled and represented.

A. Definition of percentage in Excel

In Excel, a percentage is a way to express a part of a whole in a standardized form. It is often represented as a number followed by the percentage sign (%)

B. How percentages are represented in Excel

Percentages in Excel are typically displayed as a decimal number, such as 0.10 for 10%, or 0.75 for 75%. However, they are often formatted to appear as percentages in the cells, making it easier for users to understand.

Converting Percentage into Number

When working with data in Excel, it is important to know how to convert percentages into numbers for accurate calculations. There are a few methods to do this, including the multiplication method and the value method.

A. Using the multiplication method

To convert a percentage into a number using the multiplication method, you can follow these steps:

• Step 1: Enter the percentage value in a cell, for example, 25% in cell A1.
• Step 2: In another cell, enter the number 100, which represents 100%.
• Step 3: In a third cell, multiply the percentage value by the number 100. This can be done by entering the formula =A1*100 in the cell.
• Step 4: The result will be the number equivalent of the percentage. In this example, the result would be 25.

B. Using the value method

Another way to convert a percentage into a number is by using the value method. Here's how you can do it:

• Step 1: Enter the percentage value in a cell, for example, 50% in cell A1.
• Step 2: Select the cell where you want the number to appear.
• Step 3: In the formula bar, type =VALUE(A1).
• Step 4: Press Enter, and the result will be the number equivalent of the percentage. In this example, the result would be 0.5.

Formatting the Number

When working with percentages in Excel, it's important to know how to convert them into a regular number format. This can come in handy when you need to perform calculations or visualize data in a different way. In this tutorial, we'll go over the steps to format a percentage into a number in Excel.

• First, select the cell or range of cells containing the percentage you want to convert.
• Next, navigate to the "Home" tab on the Excel ribbon.
• Click on the "Increase Decimal" or "Decrease Decimal" button to adjust the number of decimal places displayed for the percentage. This will convert the percentage into a decimal number.

B. Applying the desired number format

• After adjusting the decimal places, you can further customize the number format by right-clicking on the selected cell(s) and choosing "Format Cells" from the context menu.
• In the "Format Cells" dialog box, go to the "Number" tab and select "Number" from the category list.
• Specify the number of decimal places you want to display, as well as any other formatting options such as thousand separators or currency symbols.
• Click "OK" to apply the chosen number format to the selected cell(s), converting the percentage into a regular number.

Using Formulas for Conversion

When working with data in Excel, you may need to convert percentages into numbers for various calculations and analyses. Luckily, Excel provides several formulas that allow you to easily perform this conversion.

A. Using the multiply formula

The multiply formula is a simple and effective way to convert a percentage into a number in Excel. This formula involves multiplying the percentage value by a hundred to get the corresponding number.

• Step 1: Enter the percentage value in a cell (e.g., 25% in cell A1).
• Step 2: In a different cell, enter the formula =A1*100.
• Step 3: Press Enter, and the resulting cell will display the converted number (e.g., 25).

B. Using the value formula

The value formula is another helpful method for converting percentages into numbers. This formula can be especially useful when working with larger datasets.

• Step 1: Enter the percentage value in a cell (e.g., 50% in cell A1).
• Step 2: In a different cell, enter the formula =VALUE(A1).
• Step 3: Press Enter, and the resulting cell will display the converted number (e.g., 0.5).

Tips and Tricks

When working with Excel, converting percentages into numbers is a common task that can be easily accomplished with a few simple tips and tricks. In this section, we will explore some efficient methods to ensure accuracy and speed when converting percentages into numbers.

A. Checking for accuracy
• Use the correct formula

When converting a percentage into a number, it's important to use the correct formula to ensure accuracy. In Excel, the formula to convert a percentage into a number is simply to multiply the percentage by 0.01. For example, if the percentage is 25%, the formula to convert it into a number would be =25%*0.01.

• Double-check the results

After applying the formula, it's essential to double-check the results to ensure accuracy. This can be done by comparing the converted number with the original percentage to confirm that the conversion was done correctly.

B. Using shortcuts for quicker conversion
• Utilize the paste special feature

One quick way to convert percentages into numbers is by using the "Paste Special" feature in Excel. To do this, copy the percentage, then right-click on the cell where you want to paste the number, select "Paste Special," choose "Values," and click "OK." This will convert the percentage into a number in the selected cell.

• Apply the multiplication shortcut

Another shortcut for quick conversion is to simply multiply the percentage by 0.01 directly in the cell where the conversion is needed. For example, if the percentage is 30%, you can directly type "=30%*0.01" into the cell to convert it into a number.

Conclusion

Converting percentages into numbers is an essential skill for anyone working with data in Excel. By converting percentages into numbers, you can perform calculations more accurately and gain a clearer understanding of the data. Whether you are working on financial reports, sales data, or any other type of data analysis, being able to convert percentages into numbers will improve the accuracy of your work.

Excel is a powerful tool for handling percentage conversions, making it easy to convert percentages into numbers and vice versa. With its built-in functions and formatting options, Excel streamlines the process of working with percentages, saving time and reducing errors. By mastering these functions, you can unlock the full potential of Excel for your data analysis needs.

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