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Excel VLOOKUP: Exact & Nearest Match

This document provides an example of using VLOOKUP in Excel to look up product prices from a table based on product IDs. It shows a VLOOKUP formula that looks up the price for a product ID of 9823, returning 13. It notes that changing the product ID or entering a value not in the table will return an error. A second example shows using VLOOKUP with a nearest match to return the unit price based on a given sales quantity from another table.

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muhammedirfankhan
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78 views4 pages

Excel VLOOKUP: Exact & Nearest Match

This document provides an example of using VLOOKUP in Excel to look up product prices from a table based on product IDs. It shows a VLOOKUP formula that looks up the price for a product ID of 9823, returning 13. It notes that changing the product ID or entering a value not in the table will return an error. A second example shows using VLOOKUP with a nearest match to return the unit price based on a given sales quantity from another table.

Uploaded by

muhammedirfankhan
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

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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