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hello and welcome to Excel tricks from technologyadvice.com today were going to show you a simple trick with Microsoft Excel that will help eliminate errors and save hours of your life lets get to it formulas make Excel powerful but they can be confusing and hard to remember did you know you can simplify the names to make them easier to understand Excel offers a way to create formulas using names instead of cell references this can save you confusion and frustration if youre dealing with data sheets that have lots of formulas and information lets take a list of products and their shipping costs we want to enter a formula to calculate the total cost of items with shipping to name a value click the cell and go to the formulas toolbar just a heads up you cant create any names with spaces in them were going to name this one five pounds because thats the rate of shipping for that weight now click your total cost cell and go to the formula bar enter an equal sign and choose sum from