Exp22 Excel Ch01 HOE Souvenirs
Excel Chapter 1 Hands-On Exercise – Celebrity Musician’s Souvenir Shop
As the assistant manager of Celebrity Musicianâ€™s Souvenir Shop, you want to calculate the retail price, sale price, and profit analysis for selected items on sale this month. You will calculate sale prices based on discount rates. Finally, you will calculate the profit margin to determine the percentage of the final sale price over the cost. You will check the spelling, use Auto Fill to complete a sequence for product codes, and find and replace text. In addition, you will adjust column and row settings, move and copy data, format the worksheet, and apply Page Setup options.
Start Excel. Download and open Â Â the file namedÂ Exp22_Excel_Ch01_HOE_Souvenirs.xlsx. Â Â Grader has automatically added your last name to the beginning of the Â Â filename.
You notice that the worksheet Â Â contains some spelling errors that need to be corrected.
Use Excel to check and correct the spelling errors in the worksheet.
You want to use Auto Fill to Â Â enter a series of codes to create the product numbers.
EnterÂ 101 Â Â in cell B5 and Â Â use Auto Fill to complete the sequence for the range B6:B10 with a series.
To motivate customers to buy Â Â more products, you want to change the 5% (0.05) off to 10% (0.10) off.
Find all occurrences ofÂ 0.05Â and replace them withÂ 0.10.
Column C contains the cost of Â Â each product, and column D contains the markup rate. Using these values, you Â Â will calculate the markup amount for each product in column E.
In cell E5, enter a formula to calculate the markup amount, which is the Â Â result of multiplying the cost by the markup rate. Copy the formula to the Â Â range E6:E10.
Now that you have calculated the Â Â markup amount, you can calculate the retail price for each product in column Â Â F.
In cell F5, enter a formula to calculate the retail price, which is the sum Â Â of the cost and the markup amount. Copy the formula to the range F6:F10.
Each item is on sale this week. Â Â The sale price is X percent off the retail price. You need to calculate the Â Â sale price.
In cell H5, calculate the sale price. Copy the formula down the range H6:H10.
The profit margin is the ratio Â Â of the net profit as a percentage of revenue. The formula first calculates Â Â the net profit between the sale price and the cost and divides that by the Â Â sale price.
In cell I5, enter a formula to calculate the profit margin. Copy the formula Â Â to the range I6:I10.
You decide to add a column to Â Â display the profit. Because profit is a dollar amount, you want to keep the Â Â profit column close to another column of dollar amounts. You will insert a Â Â column for the profit amount and enter the column heading.
Insert a new column I and enterÂ Profit AmountÂ in cell I4.
Now you are ready to enter the Â Â profit amount formula.
In cell I5, enter a formula to calculate the profit, which is the difference Â Â between the sale price and original cost. Copy the formula to the range Â Â I6:I10.
You want to insert two rows for Â Â category names above their respective products. Then you want to delete the Â Â row containing theÂ Soundtrack CD.
Insert a new row 5 and typeÂ ApparelÂ in cell A5. Insert a new row 8 and enterÂ SouvenirsÂ in cell A8. Bold the words in Â Â cells A5 and A8. Delete row 11 containing theÂ Soundtrack CD.
Column A is too narrow for the Â Â product names. You want to increase the width. In addition, you want to Â Â increase the height for the first row. Finally, you decide to hide the Â Â product code column.
Increase the width of column A toÂ 23.00. Change the height of row 1 toÂ 30. Hide
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