How to use the RANK function in Excel

The Rank Function in Excel is used to rank a number within a list. This function is outdated and excel does not recommend to use it. Excel has introduced two new ranking functions. The names are RANK.AVG and RANK.EQ. You can check them out here.
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Syntax of RANK Function

=RANK(number,ref_range,[order])

Number: The number that you want to rank
Ref_Range: The range in which you want to rank. The number must be in the ref_range.

[Order]: This argument is optional. 1 is for ascending ranking and 0 for descending. Ascending ranking means that higher number will get lover ranking. Descending ranking means a higher number will get a higher ranking. By default, it is Descending.
RANK FUNCTION EXAMPLE
So to rank each number in range A3:A12 in descending order we can write this RANK formula.

=RANK(A3,$A$3:$A$12)

Similarly, to rank each number in range A3:A12 in ascending order write this RANK formula.

=RANK(A3,$A$3:$A$12,1)

1 command excel to rank in ascending order.

The best thing about the RANK function that you don’t need to sort the data to rank.

This RANK function was used extensively in Excel 2007 and earlier. Now in Excel 2016 RANK.AVG and RANK.EQ is used.

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