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I am supposed to enter a formula for my excel document that includes a nested
IF function. But the info they provided makes it pull up an error no matter how I enter it. There are two questions I'm having this issue with... If anyone can help I'd appreciate it. Here is the info: Enter a nested IF function in cell H3 that will calculate the suggested markdown. this type of calculation could be used buy a company that sets target weeks of supply for the items it sells. if the weeks of supply get to high, the company may reduce, or mark down, the price to increase sales. use the following criteria when creating the function. also, make sure each logical test is entered into the function in the order listed he a. if the current weeks of supply <=8, the suggested markdown should be 0. b. if the current weeks of supply <=14, the suggested markdown should be .15. c. if the current weeks of supply <=18, the suggested markdown should be .25. d. if the current weeks of supply is greater than 18 (or not less than or equal to 18), the markdown should be .40. type the nested IF function into cell I3 to calculate the new price. the goals of this worksheet is to allow the price change manager to override this calculation by entering a new price into one of the cells column J. This IF function will see whether the price entered into column J is greater than 0. if it is, that number will become the new price. if the value in column J is less than or equal to 0, the nested IF function will calculate the new price based on the suggested markdown. the logical tests and outputs for this nested IF function are as follows. be sure to enter each logical test in the sequence listed. a. if J3 0, the output of the function should be the value in cell J3. if J3 is greater than 0, the pricing manager has manually set a new price for this item. b. if H3 = 0, the output of the function should be cell C3. if H3 is 0, then there is no suggested markdown. the output of the function should be whatever the current prices is in cell C3. c. if both logical tests (J3 0 and H3 = 0) are false, then the function should calculate the new price using the formula C3 - (C3 * H3). If this makes sense to anyone I really would appreciate the help... |
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