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Resources > EXCEL TIPS

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VLOOKUP with the Approximate Match
18
 10/18/2012 2:07:05 PM

Ever used the Vlookup with the approximate match? In this example we demonstrate how, by using the Vlookup with the approximate match, one can extract the correct trade discount percentage based on the quantity purchased.

If TRUE or 1 is specified in the Range_lookup argument text box, an exact or approximate match is returned. If an exact match is not found, the next largest value that is less than lookup_value is returned. (The Range_lookup argument text box can also be left blank).

The values in the first column of table_array must be placed in ascending sort order; otherwise, VLOOKUP may not give the correct value.
Vlookup Sample Data
 

Applies To: MS Excel 2010
This tip will be based on the screen shot above

  1. Select cell D3
  2. Select the Formulas tab-Lookup and Reference-Vlookup
  3. Select as below

Vlookup Function Agruement

4. The original Table_array is G2:H8. Dollar signs have been added to the data range to make it absolute-hence we have $G$2:$H$8

5. Select OK and copy the formula down

6. To calculate the Total Sales:
a. Select cell E3 and enter the formula: =(A3*C3)-(D3*(A3*C3))
b. Copy the formula down
7. The final result will be as below

Vlookup Results
 
Provide by our friends at Sage Alchemex
By Tim Hambsch



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