The Lookup Function
Say your company offers a bonus
for meeting sales goals. The bonus is calculated as a percent of the
sales.
The best way to calculate the
bonus is with a Lookup function. A vertical, or VLookup uses the
values in the columns. A horizontal, or HLookup, uses the
data in rows.
Try it: Create a VLookup
Before you begin, Insert
a new Sheet and rename it Bonus.
Add the following
labels:
In cell A1, type
Sales Rep
In cell B1, type
Sales Total
In cell C1, type
Commission
In cell D1, type
Bonus
In cell F1, type
Sales
In cell G1, type
Percent
Format the
Labels Bold.
Add the names of our sales reps:
Alex, Connie, Elizabeth and Niki.