The formula works by looking at the left most column for a criteria and return back from a selected table from a given column the corresponding value. With VLOOKUP() we can have either an exact or an approximate match for a criteria.
Category: Lookup and reference
Looks in the first column of an array and moves across the row to return the value of a cell
VLOOKUP (lookup_value, table_array, col_index_num, [range_lookup])
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