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To calculate the sum of the products of corresponding numbers in one or more ranges, use Excel's powerful SUMPRODUCT function. 1. For example, the SUMPRODUCT function below calculates the total amount spent. Note: the SUMPRODUCT function performs this calculation: (2 * 1000) + (4 * 250) + (4 * 100) + (2 * 50) = 3500. 2. The ranges must have the same dimensions or Excel will display the #VALUE! error.
How does the sumif statement work? In Excel the SUM function is very commonly used, but there are times when you need to sum only the data that is subject to a criteria setting. The SUM function cannot cope with this, however, Excel provides the SUMIF statement, which can. The SUMIF statement works by using the following syntax: =SUMIF(Range,Criteria,[Sum Range]) Items in square brackets are optional. Monthly Sales Transactions. The SUMIF formula is written into cell C15 and produces a result of Â£9,493.50.