Excel IF function

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Chopstick
Chopstick Registered Posts: 6
in AAT Level 3 (Level 6 in Scotland)
I am trying to find out how to do the IF function for
Sales
£130,005.00
£172,964.00
£134,135.00
£234,510.00
£195,944.00
£126,994.00


Average of total sales is -£165,758.67
Basically if 130,005.00 is greater than the average 165,785.67 by 4% then 130,005.00 will get 1% of the average-165,758.67...How do I work this out.

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  • Donna Curling
    Donna Curling Registered Posts: 59 Regular contributor ⭐
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    I believe the following answers question, using the average as A7 and the rest of details above =IF(A2>$A$7*1.04,A2*1.02) - basically if A2 £130,005) is greater than A7 ($ for absolute reference) *4% then return A2 x2%
    Donna Curling - AAT Tutor
    www.completebookkeeping.co.uk
  • Chopstick
    Chopstick Registered Posts: 6
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    Thank You I know where I was going wrong now...I was doing 0.04 and 0.02 rather than 1.04 and 1.02..

    Thanks so Much
  • Donna Curling
    Donna Curling Registered Posts: 59 Regular contributor ⭐
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    no problem, glad you got there
    Donna Curling - AAT Tutor
    www.completebookkeeping.co.uk

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