Rank numbers in a range after satisfying conditions

Assume a five column dataset – ID, Age, Gender, Time and Class.  For chosen ID’s, the objective is to:

1. Assign a Rank (in ascending order of time i.e. lowest time will be rank 1 and so on) to each ID
2. Determine the overall place of each ID – Count of unique time entries lesser than equal to the chosen ID’ time entry

These can be computed with the VLOOKUP(), RANK(), FREQUENCY(), INDIRECT() functions and array formulas.  You may refer to range H3:K8 of the Sample worksheet.  So far so good.

What adds to the problem is to meet the objectives outlined above after satisfying additional conditions.  For e.g., one may want to give conditions such as Age between 20 and 35 and colours as Orange and Yellow.  Carrying out computations for ranking and Overall place after satisfying these conditions will make the formulas fairly complex.

I have been able to solve this problem with the help of the PowerPivot.  You may download my solution workbook from this link.