The SUMPRODUCT function is to return the sum of the products of corresponding ranges or arrays. It can sum the numbers in a certain year, a month, or a day. The following example is to sum numbers in a year.
Example: You are working with a dataset with the product name in column A, the date sold in column B, and the amount sold in column C.
Formula 1: To count the total number of products sold in 1993
(YEAR(B2:B12)=1993): if the year is 1993, it returns true, otherwise false;
The double hyphens (--) convert true into 1, and false into 0;
The SUMPRODUCT returns the sum of the products of the array.
The result returns 2,935, and 2,935 products were sold in 1993.
Formula 2: To count the total number of products sold in 1998
The result returns 2,561, and 2,561 products were sold in 1993.
Notes: The SUMPRODUCT function
The SUMPRODUCT function adds all the multiplication results for all arrays.
=SUMPRODUCT(array1, [array2], …)
– Array1 is required, the first array is to multiply and then add.
– Array2 is optional, the second array is to multiply and then add.