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# Lookup up cost for product or service

While working with Excel, we are able to lookup a value and retrieve data from a data set using the VLOOKUP function.  VLOOKUP provides a quick way of looking up a value from any list or range.  This step by step tutorial will assist all levels of Excel users to lookup the corresponding cost of a specific product using VLOOKUP.

Figure 1. Final result: Lookup cost for product “Laptop”

Final formula:  `=VLOOKUP(E3,B3:C7,2,FALSE)`

## Syntax of the VLOOKUP function

`=VLOOKUP(lookup_value, table_array, col_index_num, [range_lookup])`

The parameters of the VLOOKUP function are:

• lookup_value – the value that we want to search and find in the table_array
• table_array – the range of cells in the source table containing the data we want to retrieve
• col_index_num the column number in the table_array corresponding to the information we want to retrieve, relative to the lookup_value
• [range_lookup] – optional; value is either TRUE or FALSE
• if TRUE or omitted, VLOOKUP returns either an exact or approximate match
• if FALSE, VLOOKUP will only find an exact match

## Setting up Our Data

Here we have a list of  Gadgets (column B) and the corresponding Cost (column C).  In cell E3, we enter the gadget whose cost we want to look up from our data B2:C7.  In this case, let us look up the cost for “Laptop” and record it in cell F3.

Figure 2. Sample data to lookup cost for product or service

## Lookup cost for product “Laptop”

We want to determine the cost for the product “Laptop” without having to search the whole list.  In order to lookup a value using VLOOKUP, we follow these steps:

Step 1.  Select cell F3

Step 2.  Enter the formula: `=VLOOKUP(E3,B3:C7,2,FALSE)`

Step 3:  Press ENTER

Our lookup_value is cell E3, which contains the specific product we want to search: “Laptop”.  Our table_array is the range B3:C7. “Cost” is in the second column of the table array so col_index_num is 2.  Range_lookup is FALSE because we want to find the exact match.

The final result in cell F3 is \$1000, which is the cost of the product we want to search, “Laptop”.

Figure 3. Entering the formula to lookup the cost for “Laptop”

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Are you still looking for help with the VLOOKUP function? View our comprehensive round-up of VLOOKUP function tutorials here.