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Default Sum If Help

I need to have a total cell for a large spreadsheet I'm working on (150+lines
of data). I need to put in a formula that will add the amount in Column B if
the word in the Column A says "Retail".

Example:
A B
Retail 10,950
Storage 6,500
Retail 5,000
Retail 4,000
Storage 3,500

Total Retail Amount
Total Storage Amount


Relatively new to Excel, so any help would be greatly appreciated!!!
 
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