I would like to add a IF formula which recognises when a premium becomes to low and sets a premium at £350.00 however when the premium is higher than £350 it quotes that figure instead.
See attached spreadsheet which hopefully confirms what I am trying to say.
Many thanks
In P14 copied down:
=IFERROR(MAX(350,N14*O14+N14),"")
Ali
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Thanks again for your help on this which is very much appreciated.
I have made an error on this as if there is no calculation to process for N14*O14+N14) it returns £350
=IFERROR(MAX(350,N14*O14+N14),"")
But I also need the formula to return a £0.00 or a higher amount (if needed).
See attached spreadsheet. i have added in a few scenarios
Any other requirements?
Try this:
=IFERROR(IF(N16=0,0,MAX(350,N16*O16+N16)),"")
Another way
Formula:
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