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Lookup lowest value

Excel formula: Lookup lowest value
Generic formula 

To lookup information associated with the lowest value in table, you can use a formula based on INDEX, MATCH, and MIN functions.

In the example shown, a formula is used to identify the name of the contractor with the lowest bid. The formula in F6 is:


Working from the inside out, the MIN function is used to find the lowest bid in the range C5:C9:

MIN(C5:C9) // returns 99500

The result, 99500, is fed into the MATCH function as the lookup value:

MATCH(99500,C5:C9,0) // returns 4

Match then returns the location of this value in the range, 4, which goes into INDEX as the row number along with B5:B9 as the array:

=INDEX(B5:B9, 4) // returns Cymbal

The INDEX function then returns the value at that position: Cymbal.

Dave Bruns

Excel Formula Training

Formulas are the key to getting things done in Excel. In this accelerated training, you'll learn how to use formulas to manipulate text, work with dates and times, lookup values with VLOOKUP and INDEX & MATCH, count and sum with criteria, dynamically rank values, and create dynamic ranges. You'll also learn how to troubleshoot, trace errors, and fix problems. Instant access. See details here.

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