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Excel Formula

Posted on 2012-03-22
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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
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Question by:iainmacleod
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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))

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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).
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Accepted Solution

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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)

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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).
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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)))
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Author Comment

by:iainmacleod
ID: 37752987
Thanks for the quick response, both work perfectly..
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Expert Comment

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