SharePoint formulas in calculated columns

In SharePoint there is something called Calculated columns in lists, that can do calculations based on other columns. These can be very useful. For more information about the SharePoint formulas check:

• Overview of formulas and functions: https://office.microsoft.com/en-us/sharepointtechnology/CH011711541033.aspx
• A list of available functions: https://office.microsoft.com/en-us/sharepointtechnology/CH011711171033.aspx