However, if you calculate the time difference in number format, it will work differently i.e, 12:00 PM will be calculated to 0.05 because it’s half of a day.

Step 1: In this specific example, I’ll be calculating the difference between the profit and revenue. Select the cell you want the percentage to appear within. Now type in = (B2-C2)/B2.

Example of Calculating Variance in Excel In the example below, we will calculate the variance of 20 days of daily returns in the highly popular exchange-traded fund (ETF) named SPY, which invests ...

Image: Screenshot The article How to calculate conditional subtotals in an Excel revenue sheet uses simple expressions, a function, and a conditional format to display a daily balance in a revenue ...