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Default How to use a name to represent a dollar amount

For example, in colume A2 I have the item name carrot, and in B2 the dollar
amount of $0.90, how do I tie the two together? The reason being because on
another sheet in the workbook, I want to be able to take only the item name
and multiply by quantity to get the total cost? Can somebody please tell me
the formula for this action?
 
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