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MS Excel AVERAGEIF function/formulla

AVERAGEIF
This function use for advance average, when you need to calculate average specific product/subject from many product/subject data table. Averageif is a conditional average function. It function calls column 1 cell address for criteria/conditions and column 2 for data calculation. Here, I give an example for your practice:


A
B
C
D
E
F
1
Date
Fruits
Price/KG
Average Price (3 Months)
Calculation
2
Jan-15
Apple
120
Apple
155
=AVERAGEIF(B2:B10,
"Apple",C2:C10)
3
Orange
80
4
Grapes
220
5
Feb-15
Apple
160
Orange
100
=AVERAGEIF(B2:B10,
"Orange",C2:C10)
6
Orange
120
7
Grapes
200
8
Mar-15
Apple
180
Grapes
200
=AVERAGEIF(B2:B10,
"Grapes",C2:C10)
9
Orange
100
10
Grapes
160

B2:B10 cells refers fruits name and C2:C10 column refers price per kilogram.

Explain:
The formula 
=AVERAGEIF(B2:B10,"Apple",C2:C10) 
Means,

= [calculate]
Averageif( [calculate Average, formulla start]
B2:B10 [conditions cells]
"Apple" [find conditions cells who are "Apple"]
C2:C10 [sum data cells who are against "Apple", count data cells who are against "Apple", sum data divide by count data]
) [formulla end]

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