Hello forum users.
Although I can't provide a copy of my spreadsheet I will do my best to explain the result I am trying to achieve
Okay
There is a main limit of $700.00
There is a sub limit of $300.00
The benefits are 60% of the charge up-to the limits
Quote first item under main limit $1,000.00.
Quote second item under sub limit $400.00
I have an initial min formula based on sub limit to give result based on the lower of the limit remaining or 60% of the cost.
The result is $300.00 as the limit is less than 60% of the cost
The main limit is calculated based on two other formulae
It needs to be reduced by the benefit paid already under the sub limit i.e $700.00-$300.00.
Balance of main limit $400.00
The second formula needs to calculate the minimum of 60% of cost (1K) or remaining limit (after deduction of sub limit) being $300.00.
So final formula needs to calculate 60% of 1k or limit (minimum of), being $300.00.
60% of 1K is $600.00 however limit remaining after deduction of sub limit is $300.00, so benefits paid $300.00 & both limits now show as zero
Hope this makes sense
I have been getting a circular error as I am using the cell where the balance remaining of the main limit is twice for the main & sub limits linked
How can I get around this?
Thank you
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