Thanks snjpverma,
The VLOOKUP works the same. The reason I am using index because there are left and right lookups in other formulas. I was hoping there is way without having to type the formula twice.
Is the zero result because there is a zero in column L or because there is a blank cell? What is in column L - is it numbers or text or can it be both?
Here is one way, note: this has the potential to introduce floating point rounding errors so depending on what you are doing with the returned values you may be better off sticking with the IF() approach or you may want to apply some rounding the result.