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How do I calculate monthly target in Excel?

Question

How do I calculate monthly target in Excel?

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Solution

Sure, here are the steps to calculate a monthly target in Excel:

  1. Open Excel and create a new spreadsheet.
  2. In the first column (A), list down the months for which you want to calculate the target.
  3. In the second column (B), input the total target for the year.
  4. In the third column (C), you will calculate the monthly target. Click on the first cell of this column (C1).
  5. Type the formula =B1/12 and press Enter. This formula divides the annual target by 12 to get the monthly target.
  6. Click on the lower right corner of the cell C1 (you will see a small square, called the fill handle) and drag it down to copy this formula to the other cells in the column. This will calculate the monthly target for each month.
  7. Now, column C shows the monthly target based on the annual target you input in column B.

Remember to replace B1 with the cell where you have the annual target. If your annual target is in a different cell, adjust the formula accordingly.

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