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Discount Formula|General Excel Questions & Answers|Excel Forum|My Online Training Hub

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sp_CrumbsHome HomeExcel ForumGeneral Excel Questions & Answe…Discount Formula
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Discount Formula
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Amy 73
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August 25, 2016 - 5:54 am
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Hello
I'm using a  PC – Excel 2013

I need help with a formula.
In column Z, I have a formula that is looking at column E, if the product matches the product listed between row 38- 65, and column J 38-65, states yes, then we need to supply a 5% discount from column N.

I need a 5% discount off of the price for Print charge (column N).

I know there is a better way to complete this. Any advice would be greatly appreciated.

Please see attached example.

 

Thanks
Amy

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SunnyKow
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August 25, 2016 - 9:01 am
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Hi Amy

A VLOOKUP should solve your problem.

Try this : In cell Z10 enter =IF(VLOOKUP(E10,$E$38:$J$65,6,FALSE)="Yes",5%,0)*-N10

A more preferred way is to have the 5% entered into the row 38-65 replacing "Yes" and 0% to replace "No"

Then any changes to the discount structure will only involve changing the lookup table instead of the formulas.

Hope this helps.

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Amy 73
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August 26, 2016 - 12:19 am
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Hi SunnyKow

This is great.  Thank you.  How would I write the formula if I changes the "yes/no" to 5% / 0%?

I would like to make easier for my coworkers to understand.

Thank you so much

Amy

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SunnyKow
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Just use =VLOOKUP(E10,$E$38:$J$65,6,FALSE)*-N10

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Amy 73
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August 26, 2016 - 2:36 am
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SunnyKow

This worked great.  Thank you so much.

Amy

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SunnyKow
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No problem Cool

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