Excel Practice Problems with
Solutions
Table of Contents
1. Basic Formulas and Functions
2. Text Functions
3. Date and Time Functions
4. Logical Functions
5. Lookup Functions
6. Statistical Functions
7. Financial Functions
8. Array Formulas
9. Pivot Tables
10. Data Analysis
Basic Formulas and Functions
Problem 1
Calculate the total sales for a list of products.
Data:
Product Price Quantity
A 10 5
B 15 3
C 20 4
Solution:
=SUM(B2:B4 * C2:C4)
Problem 2
Excel Practice Problems with Solutions 1
Find the average price of products with a quantity greater than 3.
Solution:
=AVERAGEIF(C2:C4, ">3", B2:B4)
Problem 3
Count how many products have a price between 10 and 20.
Solution:
=COUNTIFS(B2:B4, ">=10", B2:B4, "<=20")
Problem 4
Calculate the total revenue if there's a 10% discount on all products.
Solution:
=SUM(B2:B4 * C2:C4) * 0.9
Problem 5
Find the highest quantity sold.
Solution:
=MAX(C2:C4)
Text Functions
Problem 6
Combine the Product name with its Price, separated by a hyphen.
Solution:
=CONCATENATE(A2, "-", B2)
or in newer Excel versions:
Excel Practice Problems with Solutions 2
=A2 & "-" & B2
Problem 7
Extract the first letter of each product name.
Solution:
=LEFT(A2, 1)
Problem 8
Convert all product names to uppercase.
Solution:
=UPPER(A2)
Problem 9
Find the position of the letter "o" in "Product".
Solution:
=FIND("o", "Product")
Problem 10
Remove any leading or trailing spaces from the product names.
Solution:
=TRIM(A2)
Date and Time Functions
Problem 11
Calculate the number of days between two dates.
Data:
Excel Practice Problems with Solutions 3
Start Date End Date
1/1/2023 3/15/2023
Solution:
=DATEDIF(A2, B2, "d")
Problem 12
Find out what day of the week a certain date falls on.
Solution:
=TEXT(A2, "dddd")
Problem 13
Add 30 days to a given date.
Solution:
=A2 + 30
Problem 14
Calculate the number of full months between two dates.
Solution:
=DATEDIF(A2, B2, "m")
Problem 15
Find the last day of the current month.
Solution:
=EOMONTH(TODAY(), 0)
Logical Functions
Excel Practice Problems with Solutions 4
Problem 16
Categorize products as "Cheap" if price < 15, "Moderate" if between 15 and 25,
and "Expensive" if > 25.
Solution:
=IF(B2<15, "Cheap", IF(B2<=25, "Moderate", "Expensive"))
Problem 17
Check if both the price is greater than 10 and the quantity is more than 3.
Solution:
=AND(B2>10, C2>3)
Problem 18
Determine if either the price is less than 15 or the quantity is more than 5.
Solution:
=OR(B2<15, C2>5)
Problem 19
If the quantity is 0, return "Out of Stock", otherwise return "In Stock".
Solution:
=IF(C2=0, "Out of Stock", "In Stock")
Problem 20
Create a formula that returns TRUE if the product name starts with "A" and the
price is less than 20.
Solution:
=AND(LEFT(A2,1)="A", B2<20)
Excel Practice Problems with Solutions 5
Lookup Functions
Problem 21
Use VLOOKUP to find the price of a product given its name.
Data:
Product Price
A 10
B 15
C 20
Solution:
=VLOOKUP("B", A2:B4, 2, FALSE)
Problem 22
Use INDEX-MATCH to find the quantity of a product given its name.
Data:
Product Price Quantity
A 10 5
B 15 3
C 20 4
Solution:
=INDEX(C2:C4, MATCH("B", A2:A4, 0))
Problem 23
Use XLOOKUP to find the price of a product given its name (for Excel 365
users).
Solution:
=XLOOKUP("B", A2:A4, B2:B4)
Excel Practice Problems with Solutions 6
Problem 24
Create a two-way lookup using INDEX and MATCH to find the value at the
intersection of a row and column.
Data:
Jan Feb Mar
Prod A 100 110 120
Prod B 90 95 100
Prod C 80 85 90
Solution:
=INDEX(B2:D4, MATCH("Prod B", A2:A4, 0), MATCH("Feb", B1:D
1, 0))
Problem 25
Use INDIRECT and ADDRESS to create a dynamic cell reference based on row
and column numbers.
Solution:
=INDIRECT(ADDRESS(2, 3))
Statistical Functions
Problem 26
Calculate the median price of products.
Solution:
=MEDIAN(B2:B4)
Problem 27
Find the mode of the quantities (most frequently occurring value).
Solution:
Excel Practice Problems with Solutions 7
=MODE.SNGL(C2:C4)
Problem 28
Calculate the standard deviation of prices.
Solution:
=STDEV.P(B2:B4)
Problem 29
Rank the products by their prices (highest to lowest).
Solution:
=RANK.EQ(B2, $B$2:$B$4, 0)
Problem 30
Calculate the correlation between price and quantity.
Solution:
=CORREL(B2:B4, C2:C4)
Financial Functions
Problem 31
Calculate the future value of an investment of $1000 at 5% annual interest rate
after 10 years.
Solution:
=FV(5%, 10, 0, -1000)
Problem 32
Calculate the monthly payment for a $200,000 loan at 4% annual interest rate
for 30 years.
Excel Practice Problems with Solutions 8
Solution:
=PMT(4%/12, 30*12, 200000)
Problem 33
Calculate the net present value of a series of cash flows with a 10% discount
rate.
Data:
Year Cash Flow
0 -10000
1 3000
2 4000
3 5000
Solution:
=NPV(10%, B3:B5) + B2
Problem 34
Calculate the internal rate of return for the same series of cash flows.
Solution:
=IRR(B2:B5)
Problem 35
Calculate the depreciation of an asset worth $10,000 with a salvage value of
$2,000 after 5 years using straight-line method.
Solution:
=SLN(10000, 2000, 5)
Array Formulas
Excel Practice Problems with Solutions 9
Problem 36
Calculate the total revenue for each product without using helper columns.
Data:
Product Price Quantity
A 10 5
B 15 3
C 20 4
Solution (for Excel 365):
=B2:B4 * C2:C4
Problem 37
Find the second highest price without using helper columns.
Solution (for Excel 365):
=LARGE(B2:B4, 2)
Problem 38
Count how many products have above-average prices.
Solution (for Excel 365):
=SUM(--(B2:B4 > AVERAGE(B2:B4)))
Problem 39
Create a list of all products that have a quantity greater than 3.
Solution (for Excel 365):
=FILTER(A2:A4, C2:C4>3)
Problem 40
Calculate the cumulative sum of quantities.
Excel Practice Problems with Solutions 10
Solution (for Excel 365):
=SCAN(0, C2:C4, LAMBDA(a,b,a+b))
Pivot Tables
Problem 41
Create a pivot table that shows the total sales for each product.
Solution:
1. Select your data range
2. Insert > PivotTable
3. Drag 'Product' to Rows and 'Sales' to Values
Problem 42
Add a calculated field to a pivot table to show the profit margin (assuming a
30% margin on sales).
Solution:
1. PivotTable Analyze > Fields, Items, & Sets > Calculated Field
2. Name: Profit
3. Formula: =Sales * 0.3
Problem 43
Create a pivot chart showing the contribution of each product to total sales.
Solution:
1. Create a pivot table with 'Product' in Rows and 'Sales' in Values
2. PivotTable Analyze > PivotChart
3. Select a pie chart
Problem 44
Use slicers to filter a pivot table by date range.
Solution:
Excel Practice Problems with Solutions 11
1. Create a pivot table with 'Date' in Filters
2. PivotTable Analyze > Insert Slicer
3. Select 'Date'
Problem 45
Create a pivot table that shows year-over-year growth in sales.
Solution:
1. Create a pivot table with 'Year' in Rows and 'Sales' in Values
2. Right-click on a value > Show Values As > % Difference From
3. Base field: Sales, Base item: (previous)
Data Analysis
Problem 46
Use Goal Seek to find what quantity of Product A needs to be sold to reach a
total revenue of $1000.
Solution:
1. Set up your data with formulas for revenue
2. Data > What-If Analysis > Goal Seek
3. Set cell: [revenue cell], To value: 1000, By changing cell: [quantity cell]
Problem 47
Create a forecast sheet to predict future sales based on historical data.
Solution:
1. Select your historical data
2. Data > Forecast Sheet
3. Adjust options as needed
Problem 48
Use the Solver add-in to maximize profit given constraints on production
capacity.
Solution:
Excel Practice Problems with Solutions 12
1. Set up your data with formulas for profit and constraints
2. Data > Solver
3. Set objective: [profit cell]
4. By changing variable cells: [quantity cells]
5. Subject to the constraints: [capacity constraints]
6. Solve
Problem 49
Perform a regression analysis to understand the relationship between
advertising spend and sales.
Solution:
1. Data > Data Analysis > Regression
2. Input Y Range: [sales data]
3. Input X Range: [advertising spend data]
4. Check 'Labels' if you have them
5. Output Range: Select a cell
6. OK
Problem 50
Create a histogram of sales data.
Solution:
1. Data > Data Analysis > Histogram
2. Input Range: [sales data]
3. Bin Range: [optional]
4. Output Range: Select a cell
5. Check 'Chart Output'
6. OK
Problem 51
Excel Practice Problems with Solutions 13
Use conditional formatting to create a heat map of sales performance by
product and month.
Solution:
1. Select your data range
2. Home > Conditional Formatting > Color Scales
3. Choose a color scale
Problem 52
Create a dynamic named range that automatically expands as new data is
added.
Solution:
1. Formulas > Define Name
2. Name: DynamicRange
3. Refers to:
=OFFSET(Sheet1!$A$1,0,0,COUNTA(Sheet1!$A:$A),COUNTA(Sheet1!$1:$1))
Remember, practicing these problems will significantly improve your Excel
skills. Don't hesitate to experiment and try different approaches to solve each
problem. Good luck with your Excel learning journey!
Excel Practice Problems with Solutions 14
