Not the first time Excel has done entirely screwy things with number formatting.
Excel 2010.
I have a workbook with only the Normal style (I deleted all the others), and its number format is #,##0. I have cell G26 with number format 0.00% with cell F26 to its immediate left formatted the same, and all other surrounding cells with default Normal style. I start off with the formula =F26/E26 (a ratio of percentages), and it appears in 0.00% format. Then I change the formula to =F26/E26-1, and Excel changes the number format to 0.000000000000000%. Excel is the most annoying program I use.
Excel 2010.
I have a workbook with only the Normal style (I deleted all the others), and its number format is #,##0. I have cell G26 with number format 0.00% with cell F26 to its immediate left formatted the same, and all other surrounding cells with default Normal style. I start off with the formula =F26/E26 (a ratio of percentages), and it appears in 0.00% format. Then I change the formula to =F26/E26-1, and Excel changes the number format to 0.000000000000000%. Excel is the most annoying program I use.