Login to online classes

Tag: if()

In-cell 5 star chart – tutorial & template

Whenever we talk about product ratings & customer satisfaction, 5 star ratings come to our mind. Today, let’s learn how to create a simple & elegant 5 star in-cell chart in Excel. Something like above.

Read on to learn how to create the above chart.

CP028: How to tell business logic & rules to Excel?

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | Spotify | RSS

In the 28th session of Chandoo.org podcast, let’s figure out how to express business rules & logic to Excel.

What is in this session?

What good are spreadsheets if they can’t solve business problems?

But we all struggle when it comes to modeling real world business conditions in Excel. For example, if you have below business rule to decide how much discount to offer a customer,

  • If the customer bought 3 or more times previously and offer 15% discount
  • If the customer bought 1 or 2 times previously AND customer’s age is >40, offer 10% discount
  • If the customer visited our New York store between 6PM-9PM offer 5% discount
  • Else no discount

How would you go about modeling these in Excel?

That is our topic for this podcast session.

In this podcast, you will learn

  • The challenge of modeling business logic & rules in Excel
  • My struggles with such formulas in early days
  • 4 features of Excel that can help you with this.
  • Example business rules & how to write formulas

Charmed Price Problem

Here is a charming little problem to kick start your day.

Lets say you run a cute little bakery around the corner. Since you want your prices to look charming, you have a policy to round them down or up based on below rule.

If the price ends with 0, 1 or 2 cents, round it down to 9 cents.

If the price ends with 3, 4 or 5 cents, round it up to 5 cents.

If the price ends with 6, 7, 8 or 9 cents, round it up to 9 cents.

For example,

So how do you round to nearest charmed price? You could do it manually. But you would rather bake a few more of those Tiny Cup Cakes than waste time rounding the prices. So you want an automatic way to round prices. This is where Excel helps.