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while there is hundreds of formulas on Excel if you work in any of these roles you really only need to know about 10 formulas to cover most of your tasks so lets take a look at those coming in at number 10 weve got the if error formula and heres the scenario for it you can download this Excel file for free in the video description so we want to just calculate the profit margin percentage which is just going to be equals to the revenue divided by the gross profit and well hit enter there now we just want to drag this across so were just going to go shift and then hit the right arrow and hit Ctrl r but youll notice over here that we started to get this error sign thats basically because were dividing by zero and you cant really submit something like this as it just looks wrong so what we want to do here is use the if error formula to go around that so up front over here were gonna go if error hit the top key there and so this is a value if there is