need help with if statement that calculate minimum figure

[KateZed]

I am trying to calualate an if statement which if false returns a figure, but
i want that figure if under a certain amount to return a minimum figure.

Eg. If a2 = yes then return $5 if no or unknown then return A4*A5 but with a
minimum of $5

 

[Chip Pearson]

Try something like

=IF(A2="yes",5,MIN(A4*A5,5))

Cordially,
Chip Pearson
Microsoft MVP
Excel Product Group
Pearson Software Consulting, LLC
www.cpearson.com
(email on web site)

 

[joeu2004]

If a2 = yes then return $5 if no or unknown then return
A4*A5 but with a minimum of $5

Try something like
=IF(A2="yes",5,MIN(A4*A5,5))

I suspect that should be MAX, not MIN.

If I say, for example, that the charge is 30 cents per page (A4*A5)
"with a minimum of $5", it means "at least $5". Ergo, for 10 pages,
the charge is $5, not $3 (10*0.30); but for 100 pages, the charge is
$30 (100*0.30), not $5. So I want the maximum of A4*A5 and 5.

No telling if that's what the OP wants, though. English (any natural
language) is ambiguous. People should provide a complete numerical
example.