The Lookup Function
Say your company offers a bonus
for meeting sales goals. The bonus will be calculated as a percent of the
sales.
The best way to calculate the
bonus is to look up the answer in a table. Excel calls this the Lookup function. A vertical, or VLookup uses the
values in the columns. A horizontal, or HLookup, uses the
data in rows.
1.
Try it: Create a VLookup Table
Go to the Bonus spreadsheet.
Add the following
labels:
In cell C1, type
Commission
In cell D1, type
Bonus
In cell F1, type
Sales
In cell G1, type
Percent
Format the
Labels Bold.
Format
Column F for Accounting.
Format
Column G for Percentage.
Keep
going.