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MID function in Excel returns the given number of characters from the middle of a text string.
Extract characters from the specified position of a string.
=MID(text, start_num, num_chars)
text – data from which characters are to be extracted.
start_num – position from which characters are to be extracted
num_chars – number of characters to be extracted.
Number formatting is not a part of the text data. So, MID function will ignore $, % or any other characters displayed in cells using Number formatting in Excel.