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#1
February 2nd 17, 11:48 PM
 Junior Member First recorded activity by ExcelBanter: Feb 2017 Posts: 2
Excel Help! Multiplication Formula With A Max And Min Value

Good afternoon everyone! :-)

I have been stuck trying to create a formula for my spreadsheet and was praying that someone could help me. I have spent hours on google searches trying to come up with this formula and I've had no luck.

Cell A11 = Maximum Commission

Cell A13 = Minimum Commission

Cell A9 = Commission Amount (%)

Cell I2 = Loan Amount

I am a lender and I am trying to create a formula that calculates the amount of commission I'll receive on a loan. I have a minimum and maximum commission that I receive as well.

I have tried the IF functions for maximum and minimum but I am having difficulty combining those functions into the same field.

I wanted a function that stated;

Loan amount * Commission Amount = Commission with a Max commission amount and minimum commission amount.

THANK YOU SO MUCH!!!!

#2
February 3rd 17, 12:21 AM
 Junior Member First recorded activity by ExcelBanter: Feb 2017 Posts: 3

Quote:
 Originally Posted by NGOULD Good afternoon everyone! :-) I have been stuck trying to create a formula for my spreadsheet and was praying that someone could help me. I have spent hours on google searches trying to come up with this formula and I've had no luck. Cell A11 = Maximum Commission Cell A13 = Minimum Commission Cell A9 = Commission Amount (%) Cell I2 = Loan Amount I am a lender and I am trying to create a formula that calculates the amount of commission I'll receive on a loan. I have a minimum and maximum commission that I receive as well. I have tried the IF functions for maximum and minimum but I am having difficulty combining those functions into the same field. I wanted a function that stated; Loan amount * Commission Amount = Commission with a Max commission amount and minimum commission amount. Can someone please help me out with this!? THANK YOU SO MUCH!!!!

I think you need to give us more info... The loan amount * Commission % will always give you the same amount. I am not sure where the min and max come into play?
#3
February 3rd 17, 02:01 AM
 Junior Member First recorded activity by ExcelBanter: Feb 2017 Posts: 2

Quote:
 Originally Posted by billyk81 I think you need to give us more info... The loan amount * Commission % will always give you the same amount. I am not sure where the min and max come into play?
So what I'm trying to do is create a maximum commission amount and minimum commission amount within my formula.

At my job, we have a minimum commission and maximum commission amount on the loans we close.
#4
February 3rd 17, 05:17 AM posted to microsoft.public.excel.worksheet.functions
 external usenet poster First recorded activity by ExcelBanter: Apr 2015 Posts: 823
Excel Help! Multiplication Formula With A Max And Min Value

billyk81;1628244 Wrote:
I think you need to give us more info... The loan amount *
Commission % will always give you the same amount. I am not sure
where the min and max come into play?

So what I'm trying to do is create a maximum commission amount and
minimum commission amount within my formula.

At my job, we have a minimum commission and maximum commission amount
on the loans we close.

You can't have 2 results in the same cell! Create a 'Min" column and a
"Max" column and have both calc their respective results...

--
Garry

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#5
February 3rd 17, 05:34 PM posted to microsoft.public.excel.worksheet.functions
 external usenet poster First recorded activity by ExcelBanter: Oct 2016 Posts: 6
Excel Help! Multiplication Formula With A Max And Min Value

Maybe you are looking for the following
=MAX(MAX(A13,A9),MIN(A11,A9))

#6
February 3rd 17, 05:34 PM posted to microsoft.public.excel.worksheet.functions
 external usenet poster First recorded activity by ExcelBanter: Oct 2016 Posts: 6
Excel Help! Multiplication Formula With A Max And Min Value

Maybe you are looking for the following
=MAX(MAX(A13,A9),MIN(A11,A9))

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