Solved

Excel Formula

Posted on 2012-03-22
7
251 Views
Last Modified: 2012-03-27
I have the following formula that works.
=IF((F11*0.04)>120,120,(F11*0.04))

I need to add a section that would calculate a minimum value of say 5. As in this formula
=IF(SUM(F11*0.04)<5,5,SUM(F11*0.04))

I basically need a combination of the two, so F11*0.04 with a minimum value of 5 amnd a maximum of 120.

Any help greatly appreciated
0
Comment
Question by:iainmacleod
  • 3
  • 2
7 Comments
 
LVL 4

Expert Comment

by:petr_hlucin
ID: 37752856
1) There is a MIN(...) function in Excel which is more comfortable to use in the case you describe, e.g. the initial working formula would be:
=MIN(120,(F11*0.04))

Open in new window


2) What do you mean by "section"? You don't need to use SUM(...) function for a 1-item list like SUM(F11*0.04).
0
 
LVL 4

Accepted Solution

by:
petr_hlucin earned 250 total points
ID: 37752881
Sorry, now I read your post more carefully. What you probably need is the following:
=MIN(MAX(F11*0.04, 5), 120)

Open in new window

This formula will return F11*0.04 if it is in range of 5..120, otherwise it will return 5 (if it is smaller), or 120 (if it is greater).
0
 
LVL 6

Assisted Solution

by:wshark83
wshark83 earned 250 total points
ID: 37752882
how about this:

=IF((F11*0.04)>120,120,IF(SUM(F11*0.04)<5,5,SUM(F11*0.04)))
0
3 Use Cases for Connected Systems

Our Dev teams are like yours. They’re continually cranking out code for new features/bugs fixes, testing, deploying, testing some more, responding to production monitoring events and more. It’s complex. So, we thought you’d like to see what’s working for us.

 

Author Comment

by:iainmacleod
ID: 37752987
Thanks for the quick response, both work perfectly..
0
 
LVL 4

Expert Comment

by:petr_hlucin
ID: 37753025
Since both work perfectly could you please assign several points to me as well?
0
 

Author Closing Comment

by:iainmacleod
ID: 37770185
I had to ask for the question to be reopened as I had meant to accept both solutions. This is now done. Thanks to both
0

Featured Post

Master Your Team's Linux and Cloud Stack!

The average business loses $13.5M per year to ineffective training (per 1,000 employees). Keep ahead of the competition and combine in-person quality with online cost and flexibility by training with Linux Academy.

Question has a verified solution.

If you are experiencing a similar issue, please ask a related question

A little background as to how I came to I design this code: Around 5 years ago I designed an add-in that formatted Excel files to a corporate standard, applying different cell colours and font type depending on whether the cells contained inputs,…
Introduction This Article is a follow-up to my Mappit! Addin Article (http://www.experts-exchange.com/A_2613.html), it was inspired by an email posting I made to EUSPRIG (http://www.eusprig.org/index.htm), I will briefly cover: 1) An overvie…
This Micro Tutorial will demonstrate how to create pivot charts out of a data set. I also added a drop-down menu which allows to choose from different categories in the data set and the chart will automatically update.
Excel styles will make formatting consistent and let you apply and change formatting faster. In this tutorial, you'll learn how to use Excel's built-in styles, how to modify styles, and how to create your own. You'll also learn how to use your custo…

772 members asked questions and received personalized solutions in the past 7 days.

Join the community of 500,000 technology professionals and ask your questions.

Join & Ask a Question