Excel Formula For Value Based On Another Cell's Value

Question

1. I have an item (shoes)
2. I have a list of categories (sneakers, loafers)
3. I have a list of discounts based on categories above

How can the cell containing my item (shoes) have the right discount based on its category? sample table:

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| item | category | discount |
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| shoes| loafer   |    ?     |
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Pseudocode for formula: if category cell equals loafer, make this cell's value equals 5.

Maybe I am going the wrong way about this but I simply cannot add discounts manually. Thank you all in advance.

Answer 1

Create a list in some sheet of categories and discounts

eg in G3:H6 you could have

type    discount
loafer  5%
oxford  20%
sneaker 10%

Then if you have "loafer" in B2, you would put into B3...

=VLOOKUP(B2,G4:H6, 2,FALSE)