» Performing calculations based on multiple criteria, using SUMPRODUCT function

Problem:

Calculating the total sum of discounts made.
A discount is available when the value in the discount column (F) = ""YES"" and
only for prices higher than 2000.

Solution:

To find the discount on the price in cell B7, according to the above criteria,
use the following formula:
=SUMPRODUCT(((B2:B5=E2)*(A2:A5>E3)),C2:C5/100)

Example:

Price_____Discount______Percentage
2500______YES___________20
1500______NO____________30
500_______YES___________10
3000______YES__________ 10

Result:___30.00%
Screenshot // Performing calculations based on multiple criteria, using SUMPRODUCT function