You probably don't need quite that many parentheses.

=IF((K8+K19)*0.021500,(K8+K19)*0.02,1500) should do,
but more simply
=MAX((K8+K19)*0.02,1500)
--
David Biddulph

"Geoff_L" wrote in message
...
Maybe you just need a few extra brackets and a reshuffle - remember
BODMAS?!
=IF(((K8+K19)*0.02)1500,((K8+K19)*0.02),1500)

If this helps click Yes

"khickey" wrote:

I am trying to set-up a formula to calculate a fee against a set of cell
totals where there is a minimum and maximum calculation. The minimum is
$1500 and the maximum being 2% of the gross figure of the cell totals.
So I
need help with a formula that would read for example if b1+b2*2%=1500
then
b1+b2*2% or if b1+b2=<1500 then 1500. My formula right now reads as
follows
but does not accomplish my goal.
=IF(K8+K19*2%1500,K8+K19*2%,IF(K8+K19*2%<1500,150 0))
Can someone please help. Thanks.