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Generally it is additions and subtractions on a left to right basis. So if a minus comes before a plus, the minus is done first and the plus last. If a plus comes before a minus, then the plus is done first and then the minus. It can be more complex than that, when you bring other elements into calculations. Things inside brackets are all done before anything outside brackets. In that case, were there pluses and minuses inside brackets and only multiplications outside, then the pluses and minuses would be done before the multiplications. BOMDAS is a way of remembering the order to do things in:

Brackets, power Of, Multiplication, Division, Addition, Subtraction. There are other variations of this: Parantheses, Exponentiation, Division, Multiplication, Addition, Subtraction.

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Q: What is the last operation Excel performs?
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