Simpleish If formula i hope..

fatreg

Board Regular
Joined
Nov 16, 2011
Messages
53
Hi people,

I'm trying to calculate a monetary value based on weekly amout and there maybe an uplift or not.

Essentially, weekly pay is capped at 464 a week, there can be a % uplift in the total, this can then be multiplied to give a number of weeks.

I feel like a right chump but it's stumping me! :(


</SPAN>
576.92
Weekly
24
Amount of Weeks
10%
Uplift
14959.68</SPAN>

<TBODY>
</TBODY>
Total

<TBODY>
</TBODY>
</SPAN>
</SPAN>
</SPAN>In A4 in the above example I have =IF(A1>464,SUM(464*A3+A1)*A2,SUM(A1*A3+A1)*A2)

Yet, on my trusty calculator I make it


464*10%+464 = 510.40

x24 = 12249.60


Why the difference? What am I doing wrong in excel?

Please help! my job doesn't quite depend on it, but my sanity does!

</SPAN>

<TBODY>
</TBODY>
</SPAN>

<TBODY>
</TBODY>
 

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bbott

Well-known Member
Joined
Feb 5, 2010
Messages
2,350
You're adding 576.92 (A1) in your table example, but in your hand calculated formula, you're adding 464.

=IF(A1>464,SUM(464*A3+A1)*A2,SUM(A1*A3+A1)*A2)

464*10%+464 = 510.40
 

JRosa

New Member
Joined
Sep 25, 2014
Messages
2
You're not doing the same math on the calculator as in the formula. Formula says (464*.1+576.92)*24
 

Snakehips

Well-known Member
Joined
May 17, 2009
Messages
5,559
Office Version
  1. 365
  2. 2010
Platform
  1. Windows
Incorrect interpretation - Removed Snakehips
 
Last edited:

shg

MrExcel MVP
Joined
May 7, 2008
Messages
21,833
Office Version
  1. 2010
Platform
  1. Windows

ADVERTISEMENT

One possible interpretation of what you said:

A​
B​
1​
$ 576.92​
Weekly
2​
$ 464.00​
Max
3​
24​
Weeks
4​
10%​
Uplift
5​
$ 12,249.60​
A5: =MIN(A1, A2) * A3 * (1+A4)
 

fatreg

Board Regular
Joined
Nov 16, 2011
Messages
53
thanks chaps/chapesses.

told you I was being dim!

thanks Shg, I like that! future proof too, update one box..
 

shg

MrExcel MVP
Joined
May 7, 2008
Messages
21,833
Office Version
  1. 2010
Platform
  1. Windows
You're welcome.
 
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