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Default difference between blank and zero ....

I have a worksheet in which a formula calculates the fee based on the item price
in an adjacent cell and a lookup table which shows "breakpoints" in the fee
structure.

This works fine with any amount (including 0) in item price, but fails when the
price cell is blank. When blank, the function MIN(price,75) gives a value of 75
rather than 0.

Is this behaviour to be expected? If so, is there an elegant way to handle
cells with a blank value, as having "0.00" all over the sheet is a bit untidy?
 
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