Multiple arguments for using the if and function for a range betwwen numbers

[lpac8]

Hello!

I am hoping someone can help me. Basically, I am trying to have a percentage populate based on the number within a cell. I run into issues with the multiple arguments. This is what I am trying to accomplish...
Anything less than 57000 = 5%
Greater than 57001 but less than 84000 = 4%
Greater than 84001 but less than 150000=3.5%
And anything over 150,999 is 3%

=if(C3>=57000,5%,if(and(C3<=57001,C3>=84000,4%)))

I'm just lost, please help

 

[lrobbo314]

If you set up a table with your ranges and rates such that column M will have

0
57001
84001
150999

and column N has

.05
.04
.035
.03

then this lookup will get you what you want

=INDEX($N$4:$N$7,MATCH(H5,$M$4:$M$7,1))

Where H5 is the value being looked up.

You will need to adjust your ranges.

 

[Eric W]

Welcome to the forum.

Try:

=LOOKUP(C3,{0,57001,84001,150001},{0.05,0.04,0.035,0.03})


Edit: lrobbo's method has the advantage that it's usually easier to change a table on the sheet, than changing a formula.

 

[dreid1011]

Hello!

I am hoping someone can help me. Basically, I am trying to have a percentage populate based on the number within a cell. I run into issues with the multiple arguments. This is what I am trying to accomplish...
Anything less than 57000 = 5%
Greater than 57001 but less than 84000 = 4%
Greater than 84001 but less than 150000=3.5%
And anything over 150,999 is 3%

=if(C3>=57000,5%,if(and(C3<=57001,C3>=84000,4%)))

I'm just lost, please help

Or this:

=LOOKUP(C3,{0,57001,84001,150001},{0.05,0.04,0.035,0.03})

And if you wanted to figure out your =IF(), I think you have the logic backwards.

=IF(C3<=57000,5%,IF(AND(C3>=57001,C3<=84000),4% ... etc.

 

[lpac8]

Welcome to the forum.

Try:

=LOOKUP(C3,{0,57001,84001,150001},{0.05,0.04,0.035,0.03})


Edit: lrobbo's method has the advantage that it's usually easier to change a table on the sheet, than changing a formula.

This worked beautifully! You're absolutely right regarding Irobbo's method however. I would like to easily adjust the %'s. Can I set up the table on a different sheet?

I appreciate everyone's help!

 

[lrobbo314]

Yes, you can set up the table on a different page. Just create the page, make the table, then when you are writing the formula, switch over to the page and select your ranges in the table. Make sure that you have absolute range references, i.e. you have a $ in front of the column and row references.