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Lightfoot

Need help with a formula

We're leasing a property and the terms of our lease state that we will pay
$100/month plus 3% of sales in EXCESS of $30,000/per month.

So, if our sales were $40,000 for the month, we'd only pay 3% on $10,000.

Please help! Thanks!

Ron Coderre

Need help with a formula

Try something like this:

For sales amount in A1

B1: =100+MAX(A1-30000,0)*3%

Does that help?

***********
Regards,
Ron

XL2002, WinXP-Pro

"Lightfoot" wrote:

We're leasing a property and the terms of our lease state that we will pay
$100/month plus 3% of sales in EXCESS of $30,000/per month.

So, if our sales were $40,000 for the month, we'd only pay 3% on $10,000.

Please help! Thanks!

Lightfoot

Need help with a formula

Perfect!! Thank you so much!

"Ron Coderre" wrote:

Try something like this:

For sales amount in A1

B1: =100+MAX(A1-30000,0)*3%

Does that help?

***********
Regards,
Ron

XL2002, WinXP-Pro

"Lightfoot" wrote:

We're leasing a property and the terms of our lease state that we will pay
$100/month plus 3% of sales in EXCESS of $30,000/per month.

So, if our sales were $40,000 for the month, we'd only pay 3% on $10,000.

Please help! Thanks!

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