How can I use IFERROR() with VLOOKUP to display a default value when the lookup fails?

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Grade: Education Subject: Support
How can I use IFERROR() with VLOOKUP to display a default value when the lookup fails?
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To use IFERROR() with VLOOKUP, you'd use this formula: `=IFERROR(VLOOKUP(lookup_value, lookup_table, column_index, [range_lookup]), default_value)`. Replace `lookup_value` with the value you're searching for, `lookup_table` with the range containing your lookup data, `column_index` with the column number containing the value you want to return, and `default_value` with the value you want displayed if the lookup fails.