If formula can be used together with VLookup formula to return an exact match of values and an empty string if the value not found. Combination of these formula makes excel tasks more effective.
Example: Look for commission using the Vlookup function
Calculate Bonus by getting product of total and commission.
Working with Logical formulas
The logical formula will test if a certain condition is achieved and returns a true or false answer.
Example: If the sales exceed a goal of 15%.
Autofill the formula to the rest of the cells
Combined IF and VLOOKUP
If statement can be combined together with Vlookup to return a certain value.
In the above statement we looked at Cell A5 whether has the name Nikkol and if that's true it returns "Y" otherwise return "N".
IF with Nested VLOOKUP
From this example, we will get the hourly rate. The first Vlookup is going to look for the position and add another Vlookup for the department.
When selecting the column index number, from our employees table we have 3 columns but from years employed, it's on 4th column. Therefore we get the cell with the colum_index_num+1. Press enter.
Combine IF with nested VLOOKUP
With the above example, If your position is CEO your given Rank 1, if false your given rank 2.