How to do Sum of Products in Excel | Useful Excel tips #exceltips #exceltutorial #msexcel #ytshorts

In this Short, we will see how to perform Sum of Products in excel.. Instead of doing product of corresponding elements of two arrays and then adding up the results...we will find Sum of Products in single step which saves time.
The procedure is detailed below:

Calculating the sum of products in Excel involves multiplying corresponding values in two or more arrays or ranges, and then summing up the results. Here's a step-by-step procedure:

Step 1: Organize Your Data
Ensure that your data is organized into two or more arrays or ranges. Each array should contain values that you want to multiply together.

Step 2: Enter the SUMPRODUCT Formula
In a cell where you want the sum of products to appear, enter the SUMPRODUCT formula. The syntax for the SUMPRODUCT formula is:
=SUMPRODUCT(array1, [array2], ...
Replace "array1", "array2", and so on with the arrays or ranges that contain the values you want to multiply together.

Step 3: Enter the Arrays or Ranges
Enter the arrays or ranges separated by commas within the parentheses of the SUMPRODUCT formula. For example:
=SUMPRODUCT(A1:A5, B1:B5)
This formula multiplies corresponding values in cells A1:A5 and B1:B5, and then sums up the results.

Step 4: Press Enter
After entering the SUMPRODUCT formula, press Enter on your keyboard. Excel will calculate the sum of products and display the result in the selected cell.

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