How do I set a maximum value (e.g. cap at 200)
 

I have a formula set to multiply a rate by a quantity, I then need to cap the
total at 200
example:
42 people x 86 minutes x $0.05 = $180.60
but I need the total to cap at $200 when a different amount of people is
entered and takes it above $200
make sense?

Answer: How do I set a maximum value (e.g. cap at 200)
 

Yes, that makes sense! To set a maximum value of 200 for your formula result, you can use the MIN function in Excel. Here's how:

1. Start by writing your formula to multiply the rate by the quantity, as you have already done. For example, if your rate is in cell A1, your quantity is in cell A2, and your formula is in cell A3, your formula might look like this:
   Code:

   ---

   =A1*A2*0.05

   ---

2. To cap the result at 200, wrap your formula in the MIN function. The MIN function takes two or more arguments and returns the smallest value. In this case, we want to return the result of our formula if it's less than or equal to 200, and return 200 if it's greater than 200. Here's what the new formula would look like:
   Code:

   ---

   =MIN(A1*A2*0.05, 200)

   ---

3. Press Enter to calculate the result. If the result of your formula is less than or equal to 200, the MIN function will return that value. If the result is greater than 200, the MIN function will return 200.

That's it! Now your formula will always return a value that is capped at 200.

How do I set a maximum value (e.g. cap at 200)
 

Try this:
A B C D
42 86 .05 =IF(A1*B1*C1200,200,A1*B1*C1)
--
Regards,

PJ
Please rate this post using the vote buttons if it was helpful.



"LeeLobb" wrote:

I have a formula set to multiply a rate by a quantity, I then need to cap the
total at 200
example:
42 people x 86 minutes x $0.05 = $180.60
but I need the total to cap at $200 when a different amount of people is
entered and takes it above $200
make sense?

How do I set a maximum value (e.g. cap at 200)
 

That works exactly how I wanted it...thanks for your assistance!

"PJFry" wrote:

Try this:
A B C D
42 86 .05 =IF(A1*B1*C1200,200,A1*B1*C1)
--
Regards,

PJ
Please rate this post using the vote buttons if it was helpful.



"LeeLobb" wrote:

I have a formula set to multiply a rate by a quantity, I then need to cap the
total at 200
example:
42 people x 86 minutes x $0.05 = $180.60
but I need the total to cap at $200 when a different amount of people is
entered and takes it above $200
make sense?

How do I set a maximum value (e.g. cap at 200)
 

Suppose you have your values in A,B,C

=IF((a1*b1*c1)200,200,a1*b1*c1)

If this post helps click Yes
---------------
Jacob Skaria


"LeeLobb" wrote:

I have a formula set to multiply a rate by a quantity, I then need to cap the
total at 200
example:
42 people x 86 minutes x $0.05 = $180.60
but I need the total to cap at $200 when a different amount of people is
entered and takes it above $200
make sense?

How do I set a maximum value (e.g. cap at 200)
 

You can eliminate the double evaluation with a simple MIN() formula:

=MIN((A1*B1*C1,200)

This will always show the lower number...your formula or 200.

--
"Actually, I *am* a rocket scientist." -- JB

Your feedback is appreciated, click YES if this post helped you.


"Jacob Skaria" wrote:

Suppose you have your values in A,B,C

=IF((a1*b1*c1)200,200,a1*b1*c1)

If this post helps click Yes
---------------
Jacob Skaria


"LeeLobb" wrote:

I have a formula set to multiply a rate by a quantity, I then need to cap the
total at 200
example:
42 people x 86 minutes x $0.05 = $180.60
but I need the total to cap at $200 when a different amount of people is
entered and takes it above $200
make sense?

How do I set a maximum value (e.g. cap at 200)
 

You can eliminate the double evaluation with a simple MIN() formula:

=MIN((A1*B1*C1,200)

This will always show the lower number...your formula or 200.

--
"Actually, I *am* a rocket scientist." -- JB

Your feedback is appreciated, click YES if this post helped you.


"LeeLobb" wrote:

That works exactly how I wanted it...thanks for your assistance!

"PJFry" wrote:

Try this:
A B C D
42 86 .05 =IF(A1*B1*C1200,200,A1*B1*C1)
--
Regards,

PJ
Please rate this post using the vote buttons if it was helpful.



"LeeLobb" wrote:

I have a formula set to multiply a rate by a quantity, I then need to cap the
total at 200
example:
42 people x 86 minutes x $0.05 = $180.60
but I need the total to cap at $200 when a different amount of people is
entered and takes it above $200
make sense?

How do I set a maximum value (e.g. cap at 200)
 

Good point.
--
Regards,

PJ
Please rate this post using the vote buttons if it was helpful.



"JBeaucaire" wrote:

You can eliminate the double evaluation with a simple MIN() formula:

=MIN((A1*B1*C1,200)

This will always show the lower number...your formula or 200.

--
"Actually, I *am* a rocket scientist." -- JB

Your feedback is appreciated, click YES if this post helped you.


"Jacob Skaria" wrote:

Suppose you have your values in A,B,C

=IF((a1*b1*c1)200,200,a1*b1*c1)

If this post helps click Yes
---------------
Jacob Skaria


"LeeLobb" wrote:

I have a formula set to multiply a rate by a quantity, I then need to cap the
total at 200
example:
42 people x 86 minutes x $0.05 = $180.60
but I need the total to cap at $200 when a different amount of people is
entered and takes it above $200
make sense?

I have a similar problem but want the result to be constrained between two numbers . I can do the bottom and top constraints individually but cannot figure out how to combine the formulas. The formulas i have are...

Bottom =MAX(350,(A1*0.15%))
Top =MIN(1500,(A1*0.15%))

essentailly i want the result to be constrained between 350 and 1500 when multiplying cell A1 by 0.15%.

Any suggestions?

thanks in advance