=MAX(INDEX((A1:A11<B1)*A1:A11,))

Just press ENTER


"Eric" wrote:

Does anyone have any suggestions on how to determine the value?
There is a list of values under column A
191,189,183,177,175,171,167,165,155,153,151
There is given numbe in cell B1, 177
I would like to display 175 in cell C1, which is maximum number within the
list less than 177.
Does anyone have any suggestions?
Thanks in advance for any suggestions
Eric