Declaring variables in Excel Cells

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Is it possible to declare variables in Excel cells and use them as parameters for formulas in other cells?

For example I would declare var1=10 in one of the cells. In another cell I would use var1 for calculation like: =var1*20.

4 Answers

You can name cells. This is done by clicking the Name Box (that thing next to the formula bar which says "A1" for example) and typing a name, such as, "myvar". Now you can use that name instead of the cell reference:

= myvar*25

You can use (hidden) cells as variables. E.g., you could hide Column C, set C1 to

=20

and use it as

=c1*20

Alternatively you can write VBA Macros which set and read a global variable.

Edit: AKX renders my Answer partially incorrect. I had no idea you could name cells in Excel.

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