In Excel, rank is a value that represents the position of one value within a group of values. You’ll want to rank all kinds of data: student GPAs, sport statistics, product sales and so on.

Step 4: Another formula you can use to calculate percentage is simply applying the / key in between two cells. For example, to pass a driving theory test, I need to get 80% of the questions correct.

In Excel, there are two ways of calculating the weighted average with percentages: using the SUM function and using the SUMPRODUCT function. Let us have a look at these 2 methods in detail.