Hi, I have the following formula which uses an IF statement to validate whether to perform a calculation and I need to set a minumum value. The formula is:
=IF(LEFT(A108,3)="cmb",E108*0.05,0)
If Cell A108 begins with CMB then the rate to apply is E108*0.05 but if E108 is less than 400 I need the result to be 20.
Any help appreciated
=IF(LEFT(A108,3)="cmb",min(E108*0.05,20),0) should do that.
Glenn
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Hi Glenn, Thanks for replying but it hasn't worked. I put in a value of 350 in e108 and cmb in a108 and it returned a value of 17.50
Try with
Formula:
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atul
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I think MAX is more reasonable!Originally Posted by Glenn Kennedy
Quang PT
Bebo. You're right. A senior moment...
=IF(LEFT(A108,3)="cmb",MAX(E108*0.05,20),0)
another option:
=(LEFT(A108,3)="cmb")*MAX(E108*0.05,20)
Or
=MAX(400,E108)*0.05*COUNTIF(A108,"cmb*")
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