Rakesh_handa81@yahoo.co.in

Answer :-
Use named ranges to make formulas easier to understand.
- Give cell B3 a name of Revenue.
- Select cell B3. In the Name box (the area to the left of the formula

- Give cell B4 a name of COGS. Select cell B4. Click in the name box, type COGS and hit Enter.
- Clear the formula in B6. Re-enter the formula and use the mouse to select the cells. Type an Equal sign. Using the mouse, touch B3. Type a Minus sign. Using the mouse, touch B4. This will enter the formula as =Revenue-COGS, as shown in Fig. below. This is easier to understand than a typical formula.

Follow the following steps:-
use Insert - Name - Apply to apply names to existing formulas, as shown below