Solved

Lookup Result Based on Tabulated Criteria

Posted on 2014-03-24
4
186 Views
Last Modified: 2014-03-24
I am trying to to create a look up formula that takes the number of beds for a hotel and then looks up the relevant hotel licence cost as indicated in the attached spreadsheet.

For the banding, assume that as soon as the banding threshold is reach e.g. 100 then that next banding shall apply.

Can anyone help?
0
Comment
Question by:davidascott
  • 2
  • 2
4 Comments
 

Author Comment

by:davidascott
ID: 39950922
Sorry - see workbook attached.
Workbook.xlsx
0
 
LVL 32

Accepted Solution

by:
Rob Henson earned 500 total points
ID: 39950975
In cell B5 put the following formula:

=VLOOKUP($D$5,$F$5:$G$14,2,1)

The VLOOKUP has four parameters:

Lookup Value
Lookup Range
Offset
Lookup Type

Setting LookupType to 1 gives an approximate match. This means that it returns the last value at which the lookup value is less than or equal to the value in the lookup column, assuming the lookup column is sorted in ascending order.

Hope that makes sense.

Thanks
Rob H
0
 
LVL 32

Expert Comment

by:Rob Henson
ID: 39950981
In your example, what happens for less than 100 beds?

If this could occur, you will need an extra row at the top of your table for the range 0 to 99.

Thanks
Rob H
0
 

Author Comment

by:davidascott
ID: 39951093
thanks rob
0

Featured Post

ScreenConnect 6.0 Free Trial

Discover new time-saving features in one game-changing release, ScreenConnect 6.0, based on partner feedback. New features include a redesigned UI, app configurations and chat acknowledgement to improve customer engagement!

Question has a verified solution.

If you are experiencing a similar issue, please ask a related question

How to quickly and accurately populate Word documents with Excel data, charts and images (including Automated Bookmark generation) David Miller (dlmille) Synopsis In this article you’ll learn how to use ExcelToWord! to copy data,charts, shapes …
Freeze panes is an option within all variants of Excel to enable parts of a sheet to remain stationary when the cursor is in another part of the sheet. This is a very useful feature which is overlooked or under used.
The viewer will learn how to use the =DISCRINV command to create a discrete random variable, use this command to model a set of probabilities and outcomes in a Monte Carlo simulation, and learn how to find the standard deviation of a set of probabil…
Graphs within dashboards are meant to be dynamic, representing data from a period of time that will change each time the dashboard is updated with new data. Rather than update each graph to point to a different set within a static set of data, t…

777 members asked questions and received personalized solutions in the past 7 days.

Join the community of 500,000 technology professionals and ask your questions.

Join & Ask a Question