Excel is one of the most widely used tools in the world of data analysis, corporate reporting, MIS dashboards, and day-to-day office work. According to industry surveys, more than 80 percent of office jobs involve working with Excel in some capacity. Yet, most people only know basic formulas and struggle when applying complex logic to real business situations.

To help learners strengthen their skills, here is an exciting Excel Formula Challenge featuring 10 real-world tasks. Each task is designed to test practical knowledge, boost analytical thinking, and improve problem-solving skills with formulas.

This blog covers detailed explanations, formula breakdowns, sample data, and practical usage scenarios—presented in a clean and easy-to-follow manner.

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Table of Contents

1. Introduction to Excel Formula Challenges
2. Challenge 1: Extract First Name from Full Name
3. Challenge 2: Get Last 10 Entries Average
4. Challenge 3: Find Highest Salesperson
5. Challenge 4: Auto-Calculate Age from DOB
6. Challenge 5: Conditional Bonus Calculation
7. Challenge 6: Find Duplicate Values
8. Challenge 7: Lookup with Two Criteria
9. Challenge 8: Monthly EMI Calculation
10. Challenge 9: Networkdays Calculation
11. Challenge 10: Highlight Values Above Average
12. Conclusion
13. Disclaimer
14. SEO Tags

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Why Excel Formula Challenges Matter

Mastering formulas does not come from reading definitions—real learning happens when you apply functions to solve actual tasks. These 10 challenges reflect everyday scenarios faced by accountants, MIS executives, HR professionals, data analysts, inventory managers, and even students.

Each challenge includes:

• Problem statement
• Sample table (maximum two columns)
• Step-by-step solution
• Formula explanation

Let’s begin the challenge.

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Challenge 1: Extract First Name from Full Name

Task:
You have a full name like “Ravi Kumar Sharma” and you want only the first name.

Sample Data

Full Name	Result Needed
Ravi Kumar Sharma	Ravi

Solution Formula:

=LEFT(A2, FIND(" ", A2)-1)

Explanation:
FIND locates the first space. LEFT extracts all characters before that space.

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Challenge 2: Calculate Average of Last 10 Entries

Used in dashboards and trend analysis.

Sample Data

Sales Entry
1200
1300
…
Last 10 Rows

Solution Formula:

=AVERAGE(OFFSET(A2, COUNTA(A:A)-10, 0, 10))

Key Insight:
OFFSET dynamically picks the last 10 filled cells even when new data is added.

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Challenge 3: Identify the Highest Salesperson

Sample Data

Person	Sales
Amit	35000
Priya	42000
Rohit	39000

Formula to get highest sale value:

=MAX(B2:B4)

Formula to get name of highest salesperson:

=INDEX(A2:A4, MATCH(MAX(B2:B4), B2:B4, 0))

Usage:
Essential in leaderboard reports, incentives, KPI dashboards.

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Challenge 4: Calculate Age from Date of Birth

Sample Data

DOB	Age
10-02-1992	?

Solution Formula:

=INT((TODAY()-A2)/365)

Practicality:
Used in HRMIS, employee records, and insurance forms.

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Challenge 5: Conditional Bonus Calculation

Condition:
If sales > 50,000, bonus = 7% of sales; otherwise 3%.

Sample Data

Sales	Bonus
45000	?
78000	?

Solution Formula:

=IF(A2>50000, A2*0.07, A2*0.03)

Why this matters:
Perfect for payroll, incentive sheets, financial analysis.

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Challenge 6: Find Duplicate Values Using Formula

Sample Data

Values
101
102
101

Solution Formula:

=COUNTIF(A:A, A2)>1

If TRUE, the value is duplicated.

This is useful for data cleaning, GST reconciliation, and accounting entries.

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Challenge 7: Lookup with Two Conditions (Advanced)

Scenario:
Get price based on Product + City.

Sample Data

Data
Product: Fan, City: Delhi	Result Price

Solution Formula:

=INDEX(C2:C20, MATCH(1, (A2:A20=E2)*(B2:B20=F2), 0))

Why this is powerful:
This technique replaces VLOOKUP limitations and handles multi-criteria datasets.

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Challenge 8: EMI Calculation

Sample Data

Item Price	EMI Amount
50,000	?

Formula:

=PMT(10%/12, 12, -A2)

Where:

• 10% = annual interest
• 12 = number of months

Use Case:
Finance sheets, loan comparison, personal budget planning.

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Challenge 9: Calculate Working Days Between Two Dates

Ignoring weekends and holidays.

Sample Data

From	To
01-04-2024	20-04-2024

Formula:

=NETWORKDAYS(A2, B2)

This is especially useful in payroll, project management, attendance reports.

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Challenge 10: Highlight Values Above Average

Though conditional formatting is point-and-click, using formula makes it dynamic.

Formula inside Conditional Formatting:

=A2>AVERAGE($A$2:$A$20)

Use case:
Detect trends, outliers, top performers, and data spikes.

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Conclusion

These 10 Excel Formula Challenges provide a realistic and systematic way to strengthen analytical skills. Whether you are a beginner learning Excel or a working professional handling MIS reports daily, mastering these formulas will significantly improve your speed, accuracy, and confidence.

From text extraction and date calculations to multi-criteria lookups and financial computations, each challenge reflects real-world use cases that appear in corporate environments.

Practice these tasks regularly and try applying them in your job scenarios—you will soon notice marked improvement in your Excel efficiency.

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Disclaimer

This article is for educational purposes only. The formulas demonstrated here are tested on standard Excel versions and may vary slightly based on regional settings or custom data structures. Readers should validate results according to their own datasets.

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