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Using IF statement to evaluate Greater or Less than Conditions
Hello Folks,
I have the following Scenario: If Inventory is < 120, write off 20% If Inventory is 120 but less than 360, write off 50% If Inventory is 360, write off 100% Using a nested loop, I am trying to capture all the scenarios. Right now, I am getting stumped on inventory between 120 and 360. Because of the way I have it set up now, it is writing off 50% for even 360 days inventory since the earlier condition to that says greater than 120 days. How can I get around this situation? Any help is appreciated! Regards, Shams. |
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#2
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Using IF statement to evaluate Greater or Less than Conditions
Folks,
I think I found my simple solution. I just changed the second IF statement to say < 360. "Shams" wrote: Hello Folks, I have the following Scenario: If Inventory is < 120, write off 20% If Inventory is 120 but less than 360, write off 50% If Inventory is 360, write off 100% Using a nested loop, I am trying to capture all the scenarios. Right now, I am getting stumped on inventory between 120 and 360. Because of the way I have it set up now, it is writing off 50% for even 360 days inventory since the earlier condition to that says greater than 120 days. How can I get around this situation? Any help is appreciated! Regards, Shams. |
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#3
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Using IF statement to evaluate Greater or Less than Conditions
Create a lookup table similar to the one below
Inventory Percentage 0 20% 121 50% 361 100% =VLOOKUP(Value to Lookup, Table_Location,Offset) If the value is in A1 and the table is in AA1:AB3 then the VLOOKUP would be as follows =VLOOKUP(A1,$AA$1:$AB$3,1) -- Kevin Backmann "Shams" wrote: Hello Folks, I have the following Scenario: If Inventory is < 120, write off 20% If Inventory is 120 but less than 360, write off 50% If Inventory is 360, write off 100% Using a nested loop, I am trying to capture all the scenarios. Right now, I am getting stumped on inventory between 120 and 360. Because of the way I have it set up now, it is writing off 50% for even 360 days inventory since the earlier condition to that says greater than 120 days. How can I get around this situation? Any help is appreciated! Regards, Shams. |
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