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Default Finding text in a cell and returning a value based on that text

I'm trying to create a formula that will look at the cell containing
the text "B46292P" and if it finds the letter "P", return the word
"Paperback". Can anyone help me? If it helps, the P would always be in
the last position in the cell. However, sometimes, I would need to find
letters that would be in the last 2 positions in the cell to return a
value.

Thanks so much for any help!!

 
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