Solved

Is there a way in Excel to do a formula to calculate a value per row but to limit to number to sum at a certain cutoff point?

Posted on 2013-05-17
4
152 Views
Last Modified: 2014-03-18
I have a spreadsheet that I'm using to do so revenue projections and what I want to do is use one of the columns in a formula to calculate revenue based on a couple other variables.

The column has a range of values from 500 down to 0.  What I want to do is to have another field be a variable so I can plug in a number (say 25) and only have the formula calculate a total up to 25 but ignore the remainder over 25.

Is there a function or a way to apply a type of "IF" statement to multiple rows?

The idea is "IF the number is greater than or equal to N use N, If less than N use the number in the column".

So for the below list the total would be: 25+25+25+22+13+3+0=113

464 (25)
268 (25)
101(25)
22 (22)
13 (13)
3 (3)
0 (0)

I want to just have a field I can type in a number and then have the totals adjust based on that variable number.

Is this possible?  Thanks!

Ike
0
Comment
Question by:Ike23
4 Comments
 
LVL 12

Expert Comment

by:HugoHiasl
ID: 39176434
You could just use the MIN(field,field) function.

MIN(430;25) = 25
MIN(268;25) = 25
MIN(7;25) = 7
0
 
LVL 26

Expert Comment

by:redmondb
ID: 39176438
Hi, Ike23.

Please see attached. The formula in C1 is...
=SUMIF(A1:A500,"<="&B1,A1:A500)+B1*COUNTIF(A1:A500,">"&B1)

Open in new window

Regards,
Brian.Twenty-Five.xls

Edit: Apologies - silly mistake corrected.
0
 
LVL 4

Author Comment

by:Ike23
ID: 39176443
I figured out how to do the IF statement and use the $ to keep the variable column constant.

=IF(J19>$Q$7,($Q$7),(J19))*$O$3

Basically this says if the column is greater than my variable limit use the variable number, if not use the column number and then multiply it times the amount in my other variable column.

Works great!
0
 
LVL 80

Accepted Solution

by:
byundt earned 500 total points
ID: 39176454
Instead of your IF, you could use:
=MIN(J19,$Q$7)*$O$3
0

Featured Post

Threat Intelligence Starter Resources

Integrating threat intelligence can be challenging, and not all companies are ready. These resources can help you build awareness and prepare for defense.

Join & Write a Comment

Introduction This Article briefly covers methods of calculating the NPV and IRR variants in Excel as well as the limitations in calculating and interpreting IRR results. Paraphrasing Richard Shockley, author of my favourite finance reference tex…
This code takes an Excel list of URL’s and adds a header titled “URL List”. It then searches through all URL’s in column “A”, looking for duplicates. When a duplicate is found, it is moved to the top of the list. The duplicate URL’s are then highlig…
Viewers will learn the basics of slicers and timelines for both PivotTables and standard Excel tables in Excel 2013.
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…

743 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

Need Help in Real-Time?

Connect with top rated Experts

13 Experts available now in Live!

Get 1:1 Help Now