calculating a minimum fee

I'm looking for a formula that will calculate the following information:

If 15% of the sum of a range of cells is less than \$40.00 then the fee is
\$40.00.
If 15% of the sum of a range of cells is \$40.00 or higher, then the fee is
15%.

In other words, the fee is 15% or \$40, whichever is higher. 0  Utf
1/8/2010 8:57:01 PM excel.worksheet.functions  4936 articles. 2 followers. 3 Replies 632 Views Similar Articles

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Hi

Look at this:

=MAX(A1*0.15,40)

Regards,
Per

"Jackie" <Jackie@discussions.microsoft.com> skrev i meddelelsen
news:5B6BA4D3-CBBE-4C8A-A7AF-A2409C6799F2@microsoft.com...
> I'm looking for a formula that will calculate the following information:
>
> If 15% of the sum of a range of cells is less than \$40.00 then the fee is
> \$40.00.
> If 15% of the sum of a range of cells is \$40.00 or higher, then the fee is
> 15%.
>
> I hope that made sense.
>
> In other words, the fee is 15% or \$40, whichever is higher. 0  Per
1/8/2010 9:10:28 PM
=MAX(40,15%*SUM(A1:A9))

--
Kind regards,

Niek Otten
Microsoft MVP - Excel

"Jackie" <Jackie@discussions.microsoft.com> wrote in message
news:5B6BA4D3-CBBE-4C8A-A7AF-A2409C6799F2@microsoft.com...
> I'm looking for a formula that will calculate the following information:
>
> If 15% of the sum of a range of cells is less than \$40.00 then the fee is
> \$40.00.
> If 15% of the sum of a range of cells is \$40.00 or higher, then the fee is
> 15%.
>
> I hope that made sense.
>
> In other words, the fee is 15% or \$40, whichever is higher. 0  Niek
1/8/2010 9:13:55 PM
YOU ARE FABULOUS!  THANK YOU SO MUCH.

"Niek Otten" wrote:

> =MAX(40,15%*SUM(A1:A9))
>
>
> --
> Kind regards,
>
> Niek Otten
> Microsoft MVP - Excel
>
> "Jackie" <Jackie@discussions.microsoft.com> wrote in message
> news:5B6BA4D3-CBBE-4C8A-A7AF-A2409C6799F2@microsoft.com...
> > I'm looking for a formula that will calculate the following information:
> >
> > If 15% of the sum of a range of cells is less than \$40.00 then the fee is
> > \$40.00.
> > If 15% of the sum of a range of cells is \$40.00 or higher, then the fee is
> > 15%.
> >
> > I hope that made sense.
> >
> > In other words, the fee is 15% or \$40, whichever is higher.
> 0  Utf
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