Learn how to calculate total base on weekday and weekend rates in Excel.
To calculate payments based on weekdays and weekends in Excel, you can use functions like WEEKDAY() to determine the day of the week. For weekdays, which are Monday through Friday, you can use the IF() function to assign one rate, and for weekends, Saturday and Sunday, another rate can be assigned. To calculate working days including weekends in Excel, you can utilize the NETWORKDAYS() function, which automatically excludes weekends from the count. By combining these functions and logical tests, you can easily determine payments based on different rates for weekdays and weekends. Simply input the rates and date ranges, and Excel will do the rest, providing you with the total based on weekdays and weekends rates.
At the end of the video, you should be able to answer the following questions.
Calculate based on weekdays and weekends
How do I calculate weekday and weekend in Excel?
How do I calculate working days in Excel including weekends?
Calculating a price based on a weekday and date range
Calculate total based on weekdays and weekends rates in Excel
Here's the formula featured in my video.
Let's break this formula down.
=IF(OR(WEEKDAY(C9)=1,WEEKDAY(C9)=7),$D$6,$D$5)
IF: This is the function used to perform a logical test and return one value if the condition is true and another value if the condition is false.
OR: This function checks if any of the specified conditions are true and returns TRUE if at least one condition is met, otherwise FALSE.
WEEKDAY(C9): This function returns the day of the week corresponding to a given date. In this case, it's checking the day of the week for the date in cell C9.
$D$6 and $D$5: These are the values that will be returned if the condition in the IF function is true or false, respectively. $D$6 seems to be a reference to a cell containing a value for weekends, and $D$5 for weekdays.
So, in simple terms, this formula checks if the day in cell C9 is either Saturday or Sunday. If it is, it returns the value in cell D6 (presumably a weekend value). If not, it returns the value in cell D5 (presumably a weekday value).
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