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💯This prompt shows you how to use ChatGPT to create/learn Excel Formula.
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Over 1 month ago
Prompt Details
Model
Chat - GPT-3.5 (gpt-3.5-turbo)
Token size
60 ($0.00010 / call)
Example input
example 1.
A1: is the cost of the material
A2 will be the price of my end product
A3 is how much I sell
A4 I want to know how much profit margin I got
example 2.
If i sell 1 product a day, and want to made 3000 usd, i want to know how many days i will accomplish this
Example output
example1.
Great! To calculate the profit margin, you can use the following formula in cell A4:
=((A2-A1)/A2)*100
This formula will calculate the percentage difference between the cost of the material (A1) and the selling price (A2), and then express that difference as a percentage of the selling price.
For example, if the cost of the material is $10 and the selling price is $20, the profit margin would be 50% (i.e., (($20-$10)/$20)*100).
To use this formula, simply enter it into cell A4 and Excel will calculate the profit margin automatically based on the values entered in cells A1 and A2.
example2.
To calculate the number of days required to reach a revenue target based on a single product sale per day, you can use the following formula in cell A5:
=CEILING(A3*A6/A2,1)
Here, A6 refers to the revenue target you want to reach (in this case, $3000), and CEILING rounds up the result to the nearest whole number.
To use this formula, enter the selling price per product (A2) and the amount you sell per day (A3) in their respective cells. Then, enter the revenue target in cell A6 and the formula in cell A5. Excel will automatically calculate the number of days required to reach the target based on the information you have provided.