Translated in plain English, the formula instructs Excel to return True if Vlookup is true (i.e. In most cases, the following generic formula would work nicely: One of the most common scenarios when you combine If and Vlookup together is to compare the value returned by Vlookup with a sample value and return Yes / No or True / False as the result. Vlookup with If statement: return True/False, Yes/No, etc.
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