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This article describes the formula syntax and usage of the AVERAGE function in Microsoft Excel. Returns the average (arithmetic mean) of the arguments. For example, if the range A1:A20 contains numbers, the formula =AVERAGE(A1:A20) returns the average of those numbers. AVERAGE(number1, [number2], ...) The AVERAGE function syntax has the following arguments: Number1 Required.
The following formula will help: Total * Percentage = Amount. Assuming that the total value is in cell A2 and percent in B2, the above formula turns into a simple =A2*B2 and returns 104.50. Remember, when you type a number followed by the percent sign (%) in Excel, the number is interpreted as a hundredth of its value.hen calculating a percent in Excel, you do not have to multiply the resulting fraction by 100 since Excel does this automatically when the percentage format is applied to a cell. And now, let's see how you can use the Excel percentage formula on real-life data.