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Thread: Multiple If and Or Statements

  1. #1
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    Excel 2010
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    Multiple If and Or Statements

    I know this can be done and i've got part of it figured out, but keep getting errors. Any help would be appreciated.

    I've got a flow chart that goes pretty simple.

    If income <75k and networth more then 1 Mill, service fee $4500. If less then 1 Million, $4000
    If income >75k but <=100k Service fee .01*networth
    If income >100k and Networth <500,000, Service fee $6k
    If income >100k and Networth >=500,000 but <=1,000,000, then $8000 service fee.
    If income >100k and Networth >1,000,000, then NW*1.5 is service fee.

    So Far this is what i've got working. =IF(AND(C2<=75000,D2<=1000000),4000,4500)

    When I add in the rest I start getting errors. I know it's possible, just haven't figured out where to put the parentheses and statements.

    Thanks

  2. #2
    Valued Forum Contributor
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    Re: Multiple If and Or Statements

    Is that correct?
    If income >100k and Networth >1,000,000, then NW*1.5 is service fee
    Rather a lot isnt it?

    Anyway try this (UNTESTED)

    =IF(C2 < 75000,IF(D2<1000000,4000,4500),IF(C2 < 100000,D2*.01,IF(D2>1000000,D2*1.5,IF(D2 > 500000,8000,6000))))
    Regards
    Special-K

    I rarely return to a problem once I've answered it so make sure you clearly define what the trouble is.

  3. #3
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    Re: Multiple If and Or Statements

    You are correct. After I adjusted the rate to be .015, that worked correctly. Thanks very much.

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