Retrieve Customer Discount Rate
I need to find the specific discount percentage assigned to a customer based on their membership tier.
=VLOOKUP(B2,A9:B12,2,FALSE) How it works: The VLOOKUP function searches for the 'Membership Tier' (lookup_value) from cell B2 in the first column of the 'Discount Rates' table (table_array A9:B12). Once it finds an exact match for the tier, it moves across that row to the second column (col_index_num 2) and retrieves the corresponding 'Discount Rate'. Setting the last argument to FALSE ensures that only an exact match for the membership tier will return a discount, preventing incorrect rates for non-existent or misspelled tiers.
Data Setup
| Customer Name | Membership Tier | Order ID | Discount Rate |
|---|---|---|---|
| Alice | Gold | 1001 | |
| Bob | Silver | 1002 | |
| Charlie | Bronze | 1003 | |
| David | Gold | 1004 | |
| Membership Tier | Discount Rate | ||
| Bronze | 0.05 | ||
| Silver | 0.10 | ||
| Gold | 0.15 | ||
| Platinum | 0.20 |
Step-by-Step Guide
Identify the cell containing the lookup value (e.g., 'Gold' in cell B2 for the customer's membership tier).
Define the table array where the lookup value is in the first column and the desired result (discount rate) is in a subsequent column (e.g., A9:B12, which contains the 'Membership Tier' and 'Discount Rate' table).
Specify the column index number within the table array that contains the value you want to return (e.g., '2' for the 'Discount Rate' column).
Set the range_lookup argument to 'FALSE' (or 0) to ensure an exact match for the membership tier.
Enter the complete formula into the target cell (e.g., D2) and press Enter. Drag the fill handle down to apply the formula to other customers.
Explore More
Summarizing Expenses by Category
As a small business owner, I track all my expenses in an Excel sheet. At the end of the month, I need to know the total spent on specific categories like 'Utilities' or 'Office Supplies' for budgeting and tax purposes. Manually adding these up is tedious and error-prone.
Determining Monthly Payments for New Equipment Financing
A small business owner needs to finance new equipment to expand operations and wants to calculate the fixed monthly payment required for the lease, given the equipment's total cost, the annual interest rate, and the lease term in years, to manage cash flow effectively and make informed investment decisions.
Calculate Total Sales by Product Category
I need to sum up the total revenue generated specifically from the 'Electronics' category in my sales log.
Find Price by Product Name (Case Insensitive)
As a small business owner, I often need to quickly look up the price of a product for a customer or to update inventory. My product list might have inconsistent capitalization (e.g., 'Widget A' vs 'widget a'), and I need a reliable way to find the price even if my search term's capitalization doesn't exactly match the database.