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Excel VLOOKUP Example, Using An Exact Match

The document provides an example of using Excel VLOOKUP to look up product prices from a table based on product IDs. It shows a VLOOKUP formula that looks up the price of product ID 9823 from a table and returns 13. It also shows using VLOOKUP to look up the unit price based on a given sales quantity, returning the price of 18 for a quantity of 23 by using an approximate match.

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arslanjaved690
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25 views

Excel VLOOKUP Example, Using An Exact Match

The document provides an example of using Excel VLOOKUP to look up product prices from a table based on product IDs. It shows a VLOOKUP formula that looks up the price of product ID 9823 from a table and returns 13. It also shows using VLOOKUP to look up the unit price based on a given sales quantity, returning the price of 18 for a quantity of 23 by using an approximate match.

Uploaded by

arslanjaved690
Copyright
© © All Rights Reserved
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 given

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.
a product ID is typed into a given cell
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.
given sales quantity

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