Retrieving Product Prices for Quotes
A sales analyst needs to quickly find the price of a product given its Product ID to generate accurate quotes for customers. Manually searching through a large product catalog is time-consuming and prone to errors, impacting sales efficiency.
=XLOOKUP("P002",A2:A5,C2:C5,"Product Not Found") How it works: This XLOOKUP formula efficiently searches for the specified Product ID ("P002") within the 'ProductID' column (A2:A5). Once found, it retrieves and returns the corresponding price from the 'Price' column (C2:C5). The 'if_not_found' argument ensures that a clear message is displayed instead of an error if the product ID doesn't exist, improving user experience.
Data Setup
| ProductID | ProductName | Price |
|---|---|---|
| P001 | Laptop Pro | 1200 |
| P002 | Monitor X | 300 |
| P003 | Keyboard Z | 75 |
| P004 | Mouse M | 25 |
Step-by-Step Guide
Identify the lookup value, which is the Product ID you want to find (e.g., "P002").
Specify the lookup array, which is the range containing all Product IDs (A2:A5).
Specify the return array, which is the range containing the corresponding Prices (C2:C5).
Optionally, add a value for 'if_not_found' (e.g., "Product Not Found") to display if the Product ID is not found.
Explore More
Finding Product Prices for Quotes
As a Sales Analyst, I frequently need to create quotes for customers. This involves looking up the price of various products from a large product catalog. Manually searching for each product's price is time-consuming and prone to errors. I need a quick and accurate way to pull the price based on a Product ID (e.g., from cell E2).
Retrieving Specific Product Sales Data
A Sales Analyst needs to quickly find the sales figure for a specific product in a particular month from a large sales dataset. Manually scanning the table is time-consuming and prone to errors.