In this article, we will learn how to LOOKUP date with last value in list in Excel.
Scenario:
We have a long table entry of Products and its service charges. We need to find the exact price for the product with its service charges. VLOOKUP function calculates your total cost for the product & its service charges.
Here we will be using the LOOKUP function. Let's first get some knowledge about the function.
LOOKUP function finds the estimated value in the range and returns the value from the range or its corresponding value.
Syntax:
lookup_value: value to look up for
lookup_vector: array where the function looks for the lookup_value.
[result vector]:[optional] if the return array is different from the lookup array.
How to solve the problem.
Here we will be using the LOOKUP function multiple times, so as to get all required values. We will be using the below formula
Generic Formula:
product : lookup value
products_array : Array to look for value
price_array : Aray to return price value
Example
Here we have a products price list and Service cost list. We need to find the total cost for the required fields.
So First we find the price for the CPU product
Formula:
product : named range used for the array (A2:A8)
price : named range used for the array (B2:B8)
Explanation:
Press Enter to get the results.
As you can see the Price for product CPU is $ 71.00.
Now To get the total cost. We also need to get the cost desired service charges.
Secondly we need to find the price for the service charges (premium).
Formula:
service : named range used for the array (D2:D4)
charges : named range used for the array (E2:E4)
Explanation:
Press Enter to get the results.
The function returns the cost for both product and its service.
As you can see, the SUM function returns the SUM as required in the G9 cell. You can customize this LOOKUP Excel function as required.
Here we have observational notes for using the formula.
Notes:
Hope you understood how to Lookup up price for product or service in Excel. Explore more articles on lookup value here. Please feel free to state your queries below in the comment box. We will certainly help you.
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