## Explanation

In this example, the goal is to convert the percentages shown in column C to amounts, where the total of all amounts is given as $1945. In other words, if we know Rent is 36.0%, and the total of all expenses is $1945, we want to calculate that Rent is $700. With "x" as the number we want to find, we have:

```
=36.0%*1945=x
=0.36*1945
=700.20
```

*Note: in the example, the percentage values in column C are unrounded decimal numbers like 0.359897172, which accounts for the 0.20 difference in the calculation above.*

The total of all expenses is in cell D15, which is also the named range "total". To perform this calculation in Excel, we simply multiply the percentage in column C by the total in cell D15. The formula in D6, copied down is:

```
=C6*total
```

Named ranges behave like absolute references by default, so the equivalent formula *without* a named range is:

```
=C6*$D$15
```

For each expense in the table, Excel returns a calculated amount.

### Formatting percentages in Excel

In mathematics, a percentage is a number expressed as a fraction of 100. For example, 85% is read as "Eighty-five percent" and is equivalent to 85/100 or 0.85. Accordingly, the values in column C are decimal values. For example, C6 is approximately 0.36, C7 is approximately 0.18, etc.

To display these numbers as a percentage with the percent sign (%), the Percentage number format has been applied to C6:C13.