Hi,
Perhaps this has a simple explanation, I hope....
I'm trying to use the IF function to calculate some standard corrections. I'm using the following formula:
=IF(AC9<1, Q9*AC9, Q9)
Q9 = 53.00
AC9 = 0.74
The idea is that AC9 is a ratio, so if it is below 1 I want excel to multiply the figure in Q9 by that ratio, or if 1 or above, to use the value of Q9.
The result comes up as 39.00. However, when I calculate 53.00*0.74 I get 39.22.
Moreover, when I create two separate boxes with these figures, and multiply them together, I also obtain 39.22.
I've tried formatting to the correct number of decimals, and have run error checks. Everything looks fine, except the calculations are consistantly wrong.
Any ideas why the calculation within the IF formula is incorrect?
Thanks
Perhaps this has a simple explanation, I hope....
I'm trying to use the IF function to calculate some standard corrections. I'm using the following formula:
=IF(AC9<1, Q9*AC9, Q9)
Q9 = 53.00
AC9 = 0.74
The idea is that AC9 is a ratio, so if it is below 1 I want excel to multiply the figure in Q9 by that ratio, or if 1 or above, to use the value of Q9.
The result comes up as 39.00. However, when I calculate 53.00*0.74 I get 39.22.
Moreover, when I create two separate boxes with these figures, and multiply them together, I also obtain 39.22.
I've tried formatting to the correct number of decimals, and have run error checks. Everything looks fine, except the calculations are consistantly wrong.
Any ideas why the calculation within the IF formula is incorrect?
Thanks