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Default Assign text to numeric value

have weekly store gross profit report(s) and want to assign a letter based on
a range of $0, 1000,2000,3000,4000,5000, 6000 which would return
7,6,5,4,3,2,1 respectively...have tried
=lookup(A1,{0,1000,2000,3000,4000,5000,6000},{"7", "6","5","4","3","2",1"})
which gives the same rating for all stores. is cntl-shft required with the
use of braces { }?
thx
 
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