What am I doing wrong?

J

jewels

I have set up the following if formula what I have done wrong -

As follows:

if(G8>=163000, 1000, if(g8>187450, 3000, if(g8>234312, 3000, if(g8>244500,
4000))))

what am trying to accomplish is a bonus if employees hit 100% of plan which
is the 163,000 the get $1,000 - when they hit (which is 115% of plan)
$187,450 they get 3,000 bonus when they hit $203750 or (125%) they get $3,000
and when they it 244,500 (150% they get 4,000).

But it either won't go past the 163000 when I change numbers around or it
goes directly to the 4000? I cannot figure out - though I am not very savy
at these formulas I am just learning. - I guess one more question is where
is a good place to take a class or something on formulas.

All your help is greatly appreciated.
 
N

Niek Otten

Change the order of your test. If G8 is 250000, the first test is true
already so it doesn't look any further
 
V

Vito

Hi,

Try this instead:

I have assumed anything less than 163,000 would result in 0:

=LOOKUP(G8,{0,0;163000,1000;187450,3000;23412,3000;244500,4000})
 
B

Bob Phillips

Try

=IF(G8>=244500,4000,IF(G8>234312,3000,IF(G8>187450,2000,IF(G8>163000, 1000,
0))))

--

HTH

RP
(remove nothere from the email address if mailing direct)
 
V

Vito

Hi jewels,

I also noted that you have, in your argument, 2 separate conditions
that would yield the same value if true, if that is not just a typo,
then why do you need that?

Then simplify the formula I posted to:
=LOOKUP(G8,{0,0;163000,1000;187450,3000;244500,4000})


or your formula, fixed:

=IF(G8>244500,4000,IF(G8>187450,3000,IF(G8>=163000,1000,0)))
 
J

jewels

Thank you soo much. I am just learning all these formulas - yeah one of the
bonuses is the same amount so I guess I really don't need the two numbers in
there.

I really appreciate all the help.

Do you know of a good place to learn about all different functions = I live
in Massachusetts.
 
J

jewels

Thanks it works perfectly!

Bob Phillips said:
Try

=IF(G8>=244500,4000,IF(G8>234312,3000,IF(G8>187450,2000,IF(G8>163000, 1000,
0))))

--

HTH

RP
(remove nothere from the email address if mailing direct)
Click to expand...
 
A

Arvi Laanemets

Another possible solutions

=((G8>163000)+(G8>187450)+(G8>201750)+(G8>244500))*1000

=(MATCH((G8-1)/163000,{0;1;1.15;1.25;1.5},1)-1)*1000
 
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