**What does it do?**

Searches for a value in the first column of a table array and returns a value in the same row from another column (to the right) in the table array.

**Formula breakdown:**

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

**What it means:**

=VLOOKUP(this value, in this Named Range, and get me value in this column, Exact Match/FALSE/0])

A *Named Range* makes it easier to understand Excel formulas, especially if the said formula contains an array argument.

A *Named Range* can be a cell, a cell range, a Table, a function or a constant.

**STEP 1**:Â To** define a Named Range** in Excel you need to select the cell/cell range/Table/function/constant and go to the

*Name Box*which is located on the top left hand corner of the workbook – next to the

*Formula Bar*.

**STEP 2**:Â In here you can name your range whatever you like (make sure there are no spaces) and press *Enter.*Â You can view your* Named Range* by clicking on the drop down box in the *Name Box*. Â In our example we will give this a name ofÂ **StockList.**

You can also **view/edit/delete your** *Named Range* by going to the *Formulas* tab in the Ribbon menu and selecting *Name Manager*.

**STEP 3**:Â Now that you are all set, each time you are creating a formula, like a Vlookup formula, it is best to use a* Named Range* as it makes the formula easier to understand and maintain.

We need to **enter the VlookupÂ function**:

## =VLOOKUP(

The VlookupÂ arguments:

**lookup_value**

**lookup_value**

**What are we looking for?**

*Reference the cell that contains the text or value:*

## =VLOOKUP(G15,

*table_array*

**From which list are we doing a lookup on?**

*Place in the Named RangeÂ of the Stock List:*

## =VLOOKUP(G15,Â StockList,

**col_index_num**

**col_index_num**

**From which column do we want to retrieve the value?**

*We want toÂ retrieve the Price which is the SECONDÂ column from our table array:*

## =VLOOKUP(G15, StockList,Â 2,

**[range_lookup]**

**[range_lookup]**

**Do we want an exact match?**

*Place in FALSE to signify that we want an exact match:*

## =VLOOKUP(G15,Â StockList, 2,Â FALSE)

The price now dynamically changes based on your selection:

HELPFUL RESOURCE: