"IF THEN" FORMULAS

[khickey]

I am trying to set-up a formula to calculate a fee against a set of cell
totals where there is a minimum and maximum calculation. The minimum is
$1500 and the maximum being 2% of the gross figure of the cell totals. So I
need help with a formula that would read for example if b1+b2*2%=>1500 then
b1+b2*2% or if b1+b2=<1500 then 1500. My formula right now reads as follows
but does not accomplish my goal.
=IF(K8+K19*2%>1500,K8+K19*2%,IF(K8+K19*2%<1500,1500))
Can someone please help. Thanks.

 

[Eduardo]

Hi,

=IF(K8+K19*0.02>1500,K8+K19*0.02,1500)

if this helps please click yes thanks

 

[Geoff_L]

Maybe you just need a few extra brackets and a reshuffle - remember BODMAS?!
=IF(((K8+K19)*0.02)>1500,((K8+K19)*0.02),1500)

If this helps click Yes

 

[David Biddulph]

You probably don't need quite that many parentheses.

=IF((K8+K19)*0.02>1500,(K8+K19)*0.02,1500) should do,
but more simply
=MAX((K8+K19)*0.02,1500)