Solved

# Formula to calculate outcome based on number range

Posted on 2014-12-22
96 Views
I have a range of numbers which I need to compare against a table to determine an output. So, for example the table has 7 different options, less than 1000 (equals 1), between 1001-2000 (equals 2), between 2001-3000 (equals 3), etc and so when we input numbers, for example 2431, the output would automatically determine the answer is 3.

I know its a lookup but I dont know how to do a range lookup. I could just do a huge IF formula but I know there is a better way.

I have attached the spreadsheet im working so it is clearer and perhaps the solution can just be put directly into the spreadsheet.

Thanks
Discount-Model.xlsx
0
Question by:recycleaus
[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

LVL 85

Accepted Solution

Rory Archibald earned 500 total points
ID: 40512825
You can put the start values of each band into a column and then use those in the LOOKUP formula. See attached version of your workbook. I'm not sure what you expect to happen with the national rate column.
Discount-Model.xlsx
0

Author Closing Comment

ID: 40512836
Perfect... knew it would be an easy solution for someone!!
0

## Featured Post

Question has a verified solution.

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

Introduction This Article briefly covers methods of calculating the NPV and IRR variants in Excel as well as the limitations in calculating and interpreting IRR results. Paraphrasing Richard Shockley, author of my favourite finance reference tex…
Excel can be a tricky bit of software to get your head around. Whilst you’ll be able to eventually get to grips with the basic understanding of how to get by, there are a few Excel tips that not everybody will even know about let alone know how to d…
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…
This Micro Tutorial demonstrates using Microsoft Excel pivot tables, how to reverse engineer competitors' marketing strategies through backlinks.
###### Suggested Courses
Course of the Month9 days, 9 hours left to enroll