How To Calculate Conversion Rate In Excel

The conversion rate in Excel is a percentage metric that measures the effectiveness of achieving desired actions. Tracking and analyzing conversion rates help evaluate performance, optimize strategies, and make data-driven decisions for business success.

In this tutorial, we will learn how to calculate conversion rates in Microsoft Excel using basic formulas and the COUNTIF function.

Suppose we have a data sheet for a bus company, containing the number of sold and unsold tickets for various buses. Our task is to determine the conversion rate based on this data.

Method 1: Utilizing Basic Math Formula

It is the simplest and easiest method to calculate the conversion rate.

Step 1 – Enter the Formula

In the empty cell enter the following formula

=no of tickets sold/total tickets

=C2/D2

Step 2 – Hit Enter Key

Hit enter key to get the results, which will be the conversion rate.

Step 3 – Use Autofill to Implement the Formula in All Required Cells

Now use autofill to implement the formula in all the required cells.

Method 2: Conversion Rate using COUNTIF

The COUNTIF function in Excel is used to count the number of cells within a range that meet specified criteria. It is commonly used to tally the occurrences of a specific value or condition in a range of cells.

The syntax for the COUNTIF function is as follows:

=COUNTIF(range, criteria)