Need Formula Help - Stop calculation when specific value reached

[mecole71]

I need help with this formula, I just can't seem to get it correct.

The values in column V are 20% of the values in column U

I need column V to calculate as normal, but once it reaches $16,000 total, it should stop the calculation.

This is the "cap" that I pay to my broker and once I pay in $16,000, I go 100% commission.

Additionally, I have already paid in $11,177.50, so that needs to be the starting number when summing up the values in column V to reach $16,000.

Here's a screenshot of what I have so far and the data..

if(V3+$AF$17>=16000,"",U3*0.2)

I used Chat GPT (AI) to help me get started (thats what is in columns AF and AG...not working

 

[etaf]

we cant see column U
so 20% is
U3*0.2

But is this cap only on the 20% value in a row - or is it the sum of column V

we can use a MAX ( 16000, U3*0.2)
that will limit the max commission on a row to 16000

I have already paid in $11,177.50, so that needs to be the starting number when summing up the values in column V to reach $16,000.

Where is that number referenced
and now we are talking about summing column V

Is it the SUM of column V you are trying to max at 16000
then
=MAX( 16000, SUM(V3:V1000) )

I cant see any formula used as its just an image you have posted

Note: Images are difficult to see , and also requires that I input all the data myself, which means I may make an error, which is very time consuming, and from my point of view less likely to get a response, if a complicated spreadsheet. Plus we cannot see any of the formulas used.

Therefore -

A SMALL sample spreadsheet, around 10-20 rows, would help a lot here, with all sensitive data removed, and expected results mocked up and manually entered, with a few notes of explanation.

MrExcel has a tool called “XL2BB” that lets you post samples of your data and will allow us to copy/paste your sample data into our Excel spreadsheets, saving a lot of time.

XL2BB - Excel Range to BBCode

Excel 'mini-sheet' in messages - XL2BB Although experts prefer to read your description and question instead of working in your actual file to solve your problem, there are times that it is difficult to explain an issue without providing actual...

www.mrexcel.com

You can also test to see if it works ok, in the "Test Here" forum.

Test Here

Use this forum to test your signature, learn bbcode, smilies, XL2BB, etc. Threads in this forum are automatically deleted after no replies for seven (7) days

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OR if you cannot get XL2BB to work, or have restrictions on your PC

then put the sample spreadsheet onto a share

I only tend to goto OneDrive, Dropbox or google docs , as I'm never certain of other random share sites and possible virus.
Please make sure you have a representative data sample and also that the data has been desensitised, remember this site is open to anyone with internet access to see - so any sensitive / personal data should be removed

Make sure you set any share or google to share to everyone