The Electrolyte Panel is a blood test which performed for calculating the level of carbon dioxide and electrolytes in the blood. Both carbon dioxide and electrolyte have their significant roles in this analysis. The blood stores the carbon dioxide in the form of bicarbonate which helps to maintain the pH balance in the blood. Electrolytes can be termed as minerals in the body which comprises of chloride, bicarbonate, sodium, and potassium. Both the components help the body functioning healthy including the heart rate, functioning of brain and muscle contraction, keeping the balance of body fluids healthily.