Every office deals with bonuses on salary for various festivals and occasions. This bonus varies from employee to employee. It depends on employee activities and outputs sometimes. Every company calculates the percentage of bonuses for its statistical analysis. In Microsoft Excel, we can easily **calculate bonus** percentages even if the number of employees is huge. We can do this by studying how to calculate bonus percentages in Excel. In this article, weâ€™ll discuss the step-by-step guide on how to calculate bonus percentage in Excel.

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## 4 Steps to Calculate Bonus Percentage in Excel

Letâ€™s say, we have a dataset based on the **Salary** and **Bonus** of some employees of a company in California to calculate the **Bonus Percentage**. The dataset is like this.

Weâ€™ll now try to calculate the **Bonus Percentage** step-by-step.

### Step 1: Applying Direct Arithmetic Formula to Find Ratio

Simply, we can apply an arithmetic formula to calculate the **Bonus Percentage**. We can first find out the **Ratio** in cell **E5 **like this.

`=(D5/C5)`

Here, **D5** and **C5** are** Bonus** and **Salary **of **Jane** respectively.

Secondly, by pressing **ENTER**, we find the ratio as** 0.297297291**.

After that, we should use **Fill Handle** to **AutoFill** cells from **E6** to** E15. **We can do itÂ by dragging down the cursor while holding the right bottom corner of the reference** E5** cell.

As a result, weâ€™ll find the output of the **Ratio** from cell **E6** to **E15** like this.

Now, to calculate **Bonus Percentage** in the **F5** cell, we need to write the formula like this.

`=E5*100`

Here, **E5** refers to the** Ratio** of **Bonus **and **Salary **of **Jane**.

Finally, we need to press **ENTER. **After that byÂ using **Fill Handle, **we find the output of **Bonus Percentage** from cell **F5 **to **F15 **like this.

*Note:** Also, we can use the following formula directly in the F5 cell.*

`=(D5/C5)*100`

**Read More:** **How to Calculate Bonus on Salary in Excel (7 Suitable Methods)**

### Step 2: Using Keyboard Shortcut to Calculate Bonus Percentage in Excel

After finding the *Ratio* of *Bonus* and *Salary*, we can use a keyboard shortcut to find the **Bonus Percentage**. This will also give a round figure of the percentage instead of decimal values.

We need to follow the below steps for this calculation.

Firstly, we need to select cells from **E5 **to **E15 **which are filled with ratios.

Secondly, we need to press **CTRL+SHIFT+%** to convert this *Ratio *into the percentage.

Therefore, weâ€™ll find **Bonus Percentage** from cells **E5** to **E15** like this.

Eventually, we can see that all of the percentage values are in round figures.

### Step 3: Utilizing Number Format to Calculate Bonus Percentage in Excel

Alternatively, we can use **Number Format** instead of using **Keyboard Shortcut** or multiplying the ratio by **100 **to get the final percentage. For doing this we need to follow the below steps.

Firstly, select cells from** E5** to **E15**.

Secondly, go to the **General **bar.

Thirdly, select the **Percentage** button.

As a result, weâ€™ll see that all the ratios are converted to percentages like this.

### Step 4: Applying IFERROR Function to Eliminate Error

Lastly, we can apply the **IFERROR function** when the **Numerator **or **Denominator** in the formula has no value and Excel gives the output as **#Value!** Or** #Div/0!**. To solve this problem we have changed our dataset like below where some of the employees are not given the bonus and their bonus cells are empty.

Now, we have put the** Arithmetic Formula** again in cell **E5** to calculate the percentages like this.

`=(D5/C5)*100`

After pressing **ENTER**, we can see that the output of the cells **E6, E14,** and **E14 **are** #Value!**. This is because the **Bonus** cells of these cells are empty and the above formula hasnâ€™t found any numerator to calculate.

To avoid this error, we can write the **IFERROR** function in the **E5** cell like this.

`=IFERROR(D5*100/C5,0)`

Here, **0** refers to the output when there are errors in the **Percentage Calculation.**

As a result, all the cells with error output have now given output as **Zero**.

**Read More:** **Bonus Calculation as per Bonus Act in Excel (3 Suitable Examples)**

## Things to Remember

- We can use the
**Arithmetic Formula**directly or step by step by calculating the ratio first. Then we can multiply it by**100**to get the percentage. - If we want to get the percentage in exact decimal form, we should not use
**Keyboard Shortcut.**Because it will give a round figure as the output. - If all the cells which we need to calculate the percentage are filled with some values, we need not use the
**IFERROR**function.

## Conclusion

By studying this article weâ€™ll definitely figure out any percentage we need to calculate in our daily activities. We can calculate percentage either salary based or some other topics based.