View Single Post
  #3   Report Post  
Posted to microsoft.public.excel.worksheet.functions
joeu2004 joeu2004 is offline
external usenet poster
 
Posts: 2,059
Default need help with if statement that calculate minimum figure

On Sun, 16 Nov 2008 16:47:01 -0800, KateZed wrote:
If a2 = yes then return $5 if no or unknown then return
A4*A5 but with a minimum of $5


On Nov 16, 5:16*pm, Chip Pearson wrote:
Try something like
=IF(A2="yes",5,MIN(A4*A5,5))


I suspect that should be MAX, not MIN.

If I say, for example, that the charge is 30 cents per page (A4*A5)
"with a minimum of $5", it means "at least $5". Ergo, for 10 pages,
the charge is $5, not $3 (10*0.30); but for 100 pages, the charge is
$30 (100*0.30), not $5. So I want the maximum of A4*A5 and 5.

No telling if that's what the OP wants, though. English (any natural
language) is ambiguous. People should provide a complete numerical
example.