Excel Function for max of percentage or dollar amount

I am working on an excel project in which I have a rent price say $5000. With
this rent I am trying to find a formula in which I can find the maximum one
needs to pay on this rent. The maximum is either a percentage of that rent or
a dollar amount. For example say the percentage is 10% of this rent or the
fixed amount is $400. I am trying to get the formula to decide which is
greater, and then have this information placed in another cell as the maximum
payment due on the rent of the two possibilities (either 10% of $5000 or
$400).

Thank you,
Philip

=Max(5000*0.1,400)

=MAX(A1*B1,C1)

A1=5000
B1=10% (cell formatted as %)
C1=400

HTH

"Keeprogoal" wrote:

> I am working on an excel project in which I have a rent price say $5000. With
> this rent I am trying to find a formula in which I can find the maximum one
> needs to pay on this rent. The maximum is either a percentage of that rent or
> a dollar amount. For example say the percentage is 10% of this rent or the
> fixed amount is $400. I am trying to get the formula to decide which is
> greater, and then have this information placed in another cell as the maximum
> payment due on the rent of the two possibilities (either 10% of $5000 or
> $400).
>
> Thank you,
> Philip

So long as there are only possible solutions a simple if formula will do...

=IF(5000*0.1>400, 5000*0.1, 400)

You can substitute the hard coded numbers for cell references...
--
HTH...

Jim Thomlinson


"Keeprogoal" wrote:

> I am working on an excel project in which I have a rent price say $5000. With
> this rent I am trying to find a formula in which I can find the maximum one
> needs to pay on this rent. The maximum is either a percentage of that rent or
> a dollar amount. For example say the percentage is 10% of this rent or the
> fixed amount is $400. I am trying to get the formula to decide which is
> greater, and then have this information placed in another cell as the maximum
> payment due on the rent of the two possibilities (either 10% of $5000 or
> $400).
>
> Thank you,
> Philip

"Keeprogoal" <[email protected]> wrote in message
news:[email protected]...
>I am working on an excel project in which I have a rent price say $5000.
>With
> this rent I am trying to find a formula in which I can find the maximum
> one
> needs to pay on this rent. The maximum is either a percentage of that rent
> or
> a dollar amount. For example say the percentage is 10% of this rent or
> the
> fixed amount is $400. I am trying to get the formula to decide which is
> greater, and then have this information placed in another cell as the
> maximum
> payment due on the rent of the two possibilities (either 10% of $5000 or
> $400).

=MAX(10%*5000,400)

You can, of course, replace any or all of the numbers by cell references.
--
David Biddulph