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How Excel calculates the top 10% of values in Conditional Formatting

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Last Modified: 2020-03-06
I want to get a better understanding of the "top 10%" feature in Conditional Formatting in Excel - this is my understanding, it takes the full range and identifies the entries that correspond to the highest 10% in value i.e. the products with prices that fall into the top 10% of the range. Or is it something else?
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