You may want to try adding a column for the IF statement. Example:
Column A: [Data Entry 1]
Column B: [Data Entry 2]
Column C: =A1*B1
Column D: =IF(ISERROR(C1), 0, C1)
Hide column C.
If either column A or B is deleted, the formula in C will result in an
error thus rendering a 0.
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Slave2Six
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