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Default If Statement with VLookup

Folks,
I have the following scenario:

I am doing a Vlookup (by Product #) to bring in Volume in Lbs. Now, I need
to convert this into number of units. So for example: If Product # 1234 has
a total volume of 1,000 lbs. and I know that each bag of this product is 5
lbs. then total number of bags is 200.

Is there a way I can combine these two functions in one cell. So, do a
Vlookup and if it finds the Volume then divide it by #of lbs. per unit:


Product SKU Volume (in lbs.) lbs per Unit
Vlookup Cell
1234 100,000 200

3256 125,000 500

Hope to hear back from you soon. Thanks.

Shams.
 
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