Sumproduct In Excel

varunwalla

New Member
Joined
Aug 13, 2020
Messages
32
Office Version
  1. 365
  2. 2019
Platform
  1. Windows
  2. Mobile
  3. Web
Hello everyone,

I need to calculate the average price of a product let say Orange.

  1. First 30 Qty of Orange is bought at 8.85 so the value becomes 265.50
  2. Next 5 Qty of Orange is bought at 8.75 so the value becomes 43.75
  3. Total cost of 35 Qty is 309.25
  4. Now taking the average value of 35 is 8.84 ( rounding to 2 digit ) i.e 309.25 divide by 35

At the moment i am using this procedure to calculate the average value


Code:
=SUMPRODUCT(E3+E4)/(C3+C4)*(B3="Orange")

is there any techniques to simplify this for each product i am manuly entering the reference cells for apple i am entering it as

Code:
=SUMPRODUCT(E2+E5)/(C2+C5)*(B5="Apple")

is there any formula to simplify these steps

Sumproduct.xlsx
ABCDEFGHI
1S.NoProduct NameQuantityPriceTotal PriceAverage Price CostTotal Investment Cost
21Apple5198.00990.00Orange8.84Orange
32Orange308.85265.50Apple204.00Apple
43Orange58.7543.75
54Apple5210.001050.00
Sheet 1
Cell Formulas
RangeFormula
G2G2=SUMPRODUCT(E3+E4)/(C3+C4)*(B3="Orange")
G3G3=SUMPRODUCT(E2+E5)/(C2+C5)*(B5="Apple")
A3:A5A3=(A2+1)
E2:E5E2=(C2*D2)


Any help would be much appreciated
 

RoryA

MrExcel MVP, Moderator
Joined
May 2, 2008
Messages
36,748
Office Version
  1. 365
  2. 2019
  3. 2016
  4. 2010
Platform
  1. Windows
  2. MacOS
It's SUMIF, not SUM in I2.
 

Excel Facts

Quick Sum
Select a range of cells. The total appears in bottom right of Excel screen. Right-click total to add Max, Min, Count, Average.

RoryA

MrExcel MVP, Moderator
Joined
May 2, 2008
Messages
36,748
Office Version
  1. 365
  2. 2019
  3. 2016
  4. 2010
Platform
  1. Windows
  2. MacOS
Glad we could help. :)
 

varunwalla

New Member
Joined
Aug 13, 2020
Messages
32
Office Version
  1. 365
  2. 2019
Platform
  1. Windows
  2. Mobile
  3. Web
One more thing tired out is to try out If function i.e c3=sale then in h2 the calculation should be ignored too much if function googled out like if, countif, nested if what to try out i.e the value in h2 should be display as 8.84


Sumproduct.xlsx
ABCDEFGHIJ
1S.NoProduct NameTypeQuantityPriceTotal PriceAverage Price CostTotal Investment Cost
21ApplePurchase5198.00990.00Orange9.17Orange641.75
32OrangePurchase308.85265.50Apple204Apple2040.00
43OrangePurchase58.7543.75
54ApplePurchase5210.001050.00
65OrangeSale359.50332.50
Sheet 1
Cell Formulas
RangeFormula
H2:H3H2=ROUND(SUMIF($B:$B,$G2,$F:$F)/SUMIF($B:$B,$G2,$D:$D),2)
J2:J3J2=SUMIF($B:$B,$I2,$F:$F)
A3:A6A3=(A2+1)
F2:F6F2=(D2*E2)
 

RoryA

MrExcel MVP, Moderator
Joined
May 2, 2008
Messages
36,748
Office Version
  1. 365
  2. 2019
  3. 2016
  4. 2010
Platform
  1. Windows
  2. MacOS
You need SUMIFS for multiple criteria:

=ROUND(SUMIFS($F:$F,$B:$B,$G2,$C:$C,"<>Sale")/SUMIFS($D:$D,$B:$B,$G2,$C:$C,"<>Sale"),2)

Note that with SUMIFS, the range to sum goes first, not last.
 

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