IF, THEN HELP
On Apr 29, 10:39*am, joeu2004 wrote:
"Grammie" wrote:
If the rate is between 32.00 and 33.99 then the cost
is multiplied by 38% (1.38).
If the rate is between 34.00 and 35.99 then the cost
is multiplied by 37% (1.37)
I want excel to automatically give me the resulting
figure when I put in the rate, so that when it sees
$32.23, it knows to multiply by 1.38 and automatically
give me the resulting value of 44.32.
(Note: *32.23*1.38 is about 44.48, not 44.32. *If the rate is really
1.375%, do not write 38%.)
If you have only those two ranges and rates, then a simple IF
expression would suffice, to wit (where A1 contains the original
cost):
=ROUND(A1*IF(A1<34,1.38,1.37), 2)
ROUND is necessary to ensure a dollars-and-cents result without
fractional pennies.
But I suspect you have many more ranges and rates. *In that case, it
would be better to set up lookup function. *There are several ways to
do that. *One way:
=ROUND(A1*LOOKUP(A1,{32,34},{1.38,1.37}), 2)
----- original message -----
"Grammie" wrote in message news:e58c9d63-9af1-463a-
...
I have a rate chart which covers different values, such as:
If the rate is between 32.00 and 33.99 then the cost is multiplied by
38% (1.38).
If the rate is between 34.00 and 35.99 then the cost is multiplied by
37% (1.37)
I want excel to automatically give me the resulting figure when I put
in the rate, so that when it sees $32.23, it knows to multiply by 1.38
and automatically give me the resulting value of 44.32.
Anyone out there that can help, I appreciate it.- Hide quoted text -
- Show quoted text -
Thank you for your answer. I didn't need to round the number and you
were correct the actual is 1.375 and it makes a difference.
|