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6 Ways to Use Formulas in Excel for Multiplication (Easy&Quick)

August 15, 2023 1.3K views

In Excel, multiplication formulas play a crucial role in simplifying complex calculations, saving time, and improving accuracy. However, users often face challenges in effectively leveraging these formulas, leading to errors and workflow inefficiencies. This guide aims to address these issues by providing comprehensive instructions on using multiplication formulas efficiently, regardless of your expertise level. By the end, you'll be equipped to harness the power of multiplication formulas in Excel and enhance your productivity with ease.

Part 1. Why are Multiplication Formulas Important in Excel?

Multiplication formulas hold a pivotal role in Excel's arsenal of functions, offering a fundamental and indispensable capability. With the power to perform mathematical operations involving multiplication, these formulas enable users to streamline calculations and achieve accurate results efficiently. In this section, we will explore the significance of multiplication formulas and how they contribute to enhancing productivity within Excel.

Multiplication formulas are important in Excel for the following reasons:

  1. Automate Calculations: They allow for automatic updating of results when input values change, saving time and effort.

  2. Accuracy and Consistency: Helps minimize errors in calculations, ensuring precise and reliable results.

  3. Efficiency: Enables rapid and efficient processing of repetitive multiplication tasks.

  4. Versatility: Multiplication can be combined with other functions to perform complex calculations and create sophisticated models.

  5. Data Analysis: Facilitates data analysis, such as calculating percentages and growth rates.

  6. Business Applications: Essential for budgeting, financial analysis, and forecasting in various business scenarios.

  7. Dynamic Modeling: Enables the creation of dynamic models that adapt to changing data.

  8. Flexible and Scalable: Can be applied to different scenarios and scales, from simple calculations to large datasets.

Part 2. 6 Multiplication Methods in Excel

In Excel's vast array of functions, there are six powerful methods for performing multiplication operations. From the classic asterisk symbol to advanced functions like SUMPRODUCT and array formulas, each method offers unique advantages and applications. This section will serve as a comprehensive tutorial, guiding you through each method step-by-step, ensuring you can leverage these multiplication techniques effectively.

1. Use Asterisk (*) Symbol

Step 1: Open your Excel spreadsheet and enter the numbers you want to multiply into separate cells. For example, enter 5 into cell A1 and 10 into cell B1.

Step 2: In another cell, where you want the result to appear, type "=A1*B1" (without quotes) or simply enter "=5*10". The asterisk (*) symbol represents multiplication in Excel.

Step 3: Press "Enter" to get the result, which should be 50.

2. Insert PRODUCT Function

Step 1: Similar to the previous method, enter the numbers you want to multiply in separate cells.

Step 2: In the cell where you want the result, type "=PRODUCT(A1:B1)" (without quotes). The PRODUCT function multiplies the numbers within the specified range.

Step 3: Press "Enter" to get the result, which, in this case, should also be 50.

3. Enter SUMPRODUCT Function

Step 1: Suppose you have two sets of numbers, one in cells A1 to A3, and another in cells B1 to B3.

Step 2: In a new cell, enter "=SUMPRODUCT(A1:A3, B1:B3)" (without quotes). The SUMPRODUCT function multiplies the corresponding elements of the two ranges and then adds the results.

Step 3: Press "Enter" to get the result, which will be the sum of (A1B1)+(A2B2)+(A3*B3).

4. Multiply by Percentages

Step 1: To multiply a number by a percentage, enter the number in a cell, for example, 100 in cell A1.

Step 2: In another cell, enter the percentage you want to multiply by, for example, 20% in cell B1.

Step 3: In a third cell, type "=A1*(B1/100)" (without quotes). This formula multiplies the number in A1 by the percentage in B1.

Step 4: Press "Enter" to get the result, which will be 20 (i.e., 100*20%).

5. Multiply by Constant Value

Step 1: Suppose you have a range of numbers in cells A1 to A5 and want to multiply them by a constant, let's say 5.

Step 2: In a new cell, type "=A1:A5*5" (without quotes). This formula multiplies each number in the range by the constant value (5).

Step 3: Press "Enter" to get the result, which will be a new range with the values (A15, A25, A35, A45, A5*5

6. Apply Array Formula

Step 1: Array formulas can perform multiple calculations simultaneously. Suppose you have a range of numbers in cells A1 to A5 and want to multiply them by another range of numbers in cells B1 to B5.

Step 2: In a new cell, type "=A1:A5*B1:B5" (without quotes). Instead of pressing "Enter," press "Ctrl+Shift+Enter" to apply the array formula.

Step 3: The result will be a new range with the values (A1B1, A2B2, A3B3, A4B4, A5*B5).

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Part 3. A Free Alternative to Microsoft: WPS Spreadsheet

Discover WPS Spreadsheet, a free and feature-rich alternative to Microsoft Excel. WPS Office offers a powerful suite of office tools, including a robust spreadsheet application. In this section, we will introduce you to the main features of WPS Spreadsheet, with a specific focus on its capabilities concerning multiplication formulas. Experience the convenience and efficiency of WPS Spreadsheet as we delve into its user-friendly interface and essential functionalities.

WPS Spreadsheet's main features are:

  1. Easy-to-Use Interface: Simple and intuitive interface for effortless spreadsheet work.

  2. Extensive Functions: Wide range of functions and formulas for complex calculations.

  3. Data Analysis Tools: Powerful tools for data analysis, sorting, and filtering.

  4. Charting Capabilities: Create professional charts and graphs for data visualization.

  5. File Compatibility: Supports various formats, including Microsoft Excel files.

  6. Cloud Integration: Save and access spreadsheets in the cloud for easy collaboration.

  7. Data Protection: Secure your spreadsheets with password protection.

  8. Data Validation: Set rules to ensure accurate data entry.

  9. Free to Use: All these features are available at no cost.

Multiplication Formula in WPS Spreadsheet:

Just like Excel, WPS Spreadsheet supports multiplication formulas. Users can utilize the asterisk (*) symbol to perform simple multiplication calculations or use various functions for more complex operations. For instance, the PRODUCT function in WPS Spreadsheet works similarly to Excel and allows users to multiply a range of cells conveniently.

To access the multiplication formula in WPS Spreadsheet, follow these steps:

Step 1. Download and install the latest version of WPS Office from their official website (https://www.wps.com/office/spreadsheet/)

Step 2. Open WPS Spreadsheet and create a new workbook.

Step 3. Enter the numbers you want to multiply in separate cells.

Step 4. In a new cell, type the formula using the asterisk (*) symbol or explore the available functions for more advanced multiplication operations.

Step 5. Press Enter to calculate the result.

With its powerful features, compatibility with Excel files, and availability at no cost, WPS Spreadsheet provides a viable and cost-effective alternative for users seeking a capable spreadsheet application. Whether you're a student, professional, or home user, WPS Spreadsheet offers a solid solution for handling your data and performing various calculations, including multiplication formulas.

FAQs

How to Multiply in Excel if there’s no multiplication formula?

To multiply in Excel without using the multiplication formula:

Step 1. Copy the value 1 to a blank cell.

Step 2. Select the range of cells you want to multiply.

Step 3. Use "Paste Special" and choose "Multiply" to perform the multiplication.

Alternatively:

Step 1. Enter the numbers you want to multiply in separate cells.

Step 2. In a new cell, use the formula "=A1*B1" (replace A1 and B1 with the cell references you want to multiply).

Remember, while these methods work, using the multiplication formula (using the asterisk symbol '*') is the most straightforward and efficient way to multiply in Excel.

How do I multiply a formula in Excel from another sheet?

To multiply a formula from another sheet in Excel:

Step 1. In the target sheet, select the cell where you want the result.

Step 2. Type "=" (equals sign) to start the formula.

Step 3. Switch to the source sheet containing the formula.

Step 4. Click on the cell with the formula you want to multiply.

Step 5. Press Enter to calculate the result.

For example, "=Sheet1!A1*Sheet1!B1" will multiply values from cells A1 and B1 in "Sheet1" and display the result in the target cell.

What is the shortcut key for multiply in Excel?

The shortcut key for multiplication in Excel is the asterisk (*) symbol.

To multiply two numbers using the keyboard shortcut:

Step 1. Type the first number.

Step 2. Press the asterisk (*) key.

Step 3. Type the second number.

Step 4. Press Enter to get the result.

For example, to multiply 5 and 10, you can type "5 * 10" and then press Enter. The result will be 50, which is the product of 5 and 10.

Summary

In this guide, we explored 6 different methods to use formulas in Excel for multiplication. From the traditional asterisk symbol to more advanced functions like SUMPRODUCT and array formulas, Excel provides a multitude of options to suit your needs. Additionally, we highlighted WPS Spreadsheet as a free alternative to Microsoft Excel, offering similar features, including efficient multiplication formulas. Master these techniques, and Excel's powerful calculations will be at your fingertips. Happy multiplying!

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