Tuesday, February 23, 2016

Solution to Problem: How to create an IF function for

How to create an IF function for

I try to create an formula to get the final cost with the following criteria:
Cost per lot $5 with a minimum charge $30 if the total cost is less than $30 and a maximum charge $200 if total cost is over $200.
for example cell A2 is the cost per lot and B2 is the number of lot (41 lots)
=if(A2*B2>30,A2*B2,30) get $205 at cell C2
then apply the function at D2 =if(C2<200,+C2,200) to generate the final cost $200.
Is there any better way to get the final cost?  Please advise.

Solutions to the Problem How to create an IF function for

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Try =MIN(MAX(A2*B2,30),200)

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