Excel Price Model Question

[billthemill]

Hi,

I am working on an excel pricing model and need to make it dynamic, but don't have the best excel skills. I have two columns A and B. In column A there are 7 entries of different vendors and column B has their price next to it. I want to make a model for the prices, so if three are selected then it returns the total price of the three combined. If four then the total of those, etc.

Column A: Column B:
Vandor 1 Vendor 1 Price
Vendor 2 Vendor 2 Price
Vendor 3 Vendor 3 Price
etc. etc.

What the best way to do this? Thanks to everyone for your help!

 

[oldbrewer]

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[TD]vendor1[/TD]
[TD="align: right"]100[/TD]
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[TD]vendor2[/TD]
[TD="align: right"]105[/TD]
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[TD]vendor3[/TD]
[TD="align: right"]110[/TD]
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[TD]vendor4[/TD]
[TD="align: right"]115[/TD]
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[TD]vendor5[/TD]
[TD="align: right"]120[/TD]
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[TD]vendor6[/TD]
[TD="align: right"]125[/TD]
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[TD]vendor7[/TD]
[TD="align: right"]130[/TD]
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[TD="colspan: 5"]choose vendors in cells G20, H20, I20, J20, K20[/TD]
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[TD="class: xl22"]total[/TD]
[TD="class: xl22"]vendor5[/TD]
[TD="class: xl22"]vendor1[/TD]
[TD="class: xl22"]vendor4[/TD]
[TD="class: xl22"]vendor3[/TD]
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[TD="class: xl22"]445[/TD]
[TD="class: xl22"]120[/TD]
[TD="class: xl22"]100[/TD]
[TD="class: xl22"]115[/TD]
[TD="class: xl22"]110[/TD]
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[TD="colspan: 3"]formula under vendor 5 (120)[/TD]
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[TD="colspan: 5"]=SUMPRODUCT(($D$6:$D$12=G20)*($E$6:$E$12))[/TD]
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[billthemill]

Thanks oldbrewer. I'm just having a little difficulty understanding it. So you created a table of seven vendors and then choose five of them. How do I choose those five vendors? Also, you listed a formula under vendor 5 - is there only one formula? I just don't know why we are multiplying by E:6 and E:12. Could you please help me? Thanks so much!

 

[oldbrewer]

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[TD="colspan: 5"]I chose 5 vendors at random to prove it works

=SUMPRODUCT(($D$6:$D$12=G20)*($E$6:$E$12))

*(e6:e12) is adding the values ONLY for those rows that meet the criteria

I did it this way because vendor1 might appear twice eg

if there can only ever be one of each vendor an offset match approach will work

there is a formula under each vendor, I just dragged it across[/TD]
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