Help with formula

[Trevor Bloomer]

There is a charge of £55.75, to which a handling fee of 2.95% is to be
added. But, the handling fee is also capped at £0.50 minimum and £1.50
maximum.
Any help as to the correct formula for calculating the fee will be much
appreciated - I am stumped.

 

[Bernie Deitrick]

Trevor,

With the charge (in this case, 55.75) in cell A2, the formula

=MAX(0.5,MIN(A2*.0295,1.5))

will return the correct fee.

HTH,
Bernie
MS Excel MVP

 

[Trevor Bloomer]

Bernie, thank you so much - that's great.

Trevor

 

[T. Valko]

Try this:

=IF(A1<=16.95,0.5,ROUND(MIN(A1*0.0295,1.5),2))

 

[Roger Govier]

Hi Trevor
With your amount in A1, try
=MIN(1.5,MAX(0.5,A1*2.9%))

 

[Trevor Bloomer]

Thanks to you all for your help.