Solved

Lookup Result Based on Tabulated Criteria

Posted on 2014-03-24
4
191 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
[X]
Welcome to Experts Exchange

Add your voice to the tech community where 5M+ people just like you are talking about what matters.

  • Help others & share knowledge
  • Earn cash & points
  • Learn & ask questions
  • 2
  • 2
4 Comments
 

Author Comment

by:davidascott
ID: 39950922
Sorry - see workbook attached.
Workbook.xlsx
0
 
LVL 33

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 33

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

Industry Leaders: We Want Your Opinion!

We value your feedback.

Take our survey and automatically be enter to win anyone of the following:
Yeti Cooler, Amazon eGift Card, and Movie eGift Card!

Question has a verified solution.

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

Suggested Solutions

When you see single cell contains number and text, and you have to get any date out of it seems like cracking our heads.
Access developers frequently have requirements to interact with Excel (import from or output to) in their applications.  You might be able to accomplish this with the TransferSpreadsheet and OutputTo methods, but in this series of articles I will di…
This Micro Tutorial demonstrates using Microsoft Excel pivot tables, how to reverse engineer competitors' marketing strategies through backlinks.
Many functions in Excel can make decisions. The most simple of these is the IF function: it returns a value depending on whether a condition you describe is true or false. Once you get the hang of using the IF function, you will find it easier to us…

749 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