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Excel VLOOKUP Example, Using An Exact Match

This document provides an example of using VLOOKUP in Excel to look up product prices from a table based on a product ID or quantity. The VLOOKUP formula searches the first column of the table for a match to the lookup value and returns the corresponding value from the third column for an exact match or the next highest value for a nearest match. Entering values not in the table results in #N/A errors.

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kaniraj
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38 views

Excel VLOOKUP Example, Using An Exact Match

This document provides an example of using VLOOKUP in Excel to look up product prices from a table based on a product ID or quantity. The VLOOKUP formula searches the first column of the table for a match to the lookup value and returns the corresponding value from the third column for an exact match or the next highest value for a nearest match. Entering values not in the table results in #N/A errors.

Uploaded by

kaniraj
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Excel VLOOKUP example, using an exact match

You have the following table:

Product ID Available Stock Price


2345 500 15
5457 234 28
9823 155 13
1233 122 12
2344 166 24

You've been asked to come up with a way to check the price of a product when a product ID is typed into a give

Product ID 9823
Price

You write a VLOOKUP function which looks like this:

Product 9823
Price formula =VLOOKUP(B20,$A$6:$C$10,3,0)
Price 13

Try changing the value in the yellow cell to see the price in B22 change
Note what happens if you enter a value in B20 that isn't in the Product ID column above.
en a product ID is typed into a given cell

umn above.
Excel VLOOKUP example, using a nearest match

You have the following table:

Quantity Unit Price


0 20
10 18
50 16
100 13
200 12

You've been asked to come up with a way to check the price of a product for a given sales quantity
The method you use should handle any sales quantity that is entered

You write a VLOOKUP function which looks like this:

Quantity 23
Price formula =VLOOKUP(B18,$A$6:$C$10,2,1)
Price 18

Try changing the value in the yellow cell to see the price in B20 change
Note what happens if you enter a value in B18 that isn't in the Product ID column above.
a given sales quantity

umn above.

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