which ensures the result will never be greater than $1000. Inside MIN, the value in C6 is multiplied by10%, and the result appears at the first number given to MIN. The number 1000 is supplied as the second value. The MIN function simply returns the smaller of the two values:
When C610% is < 1000, the result is C610% When C610% is > 1000, the result is 1000 When C610% is = 1000, the result is 1000
Replacement for IF
To return the smaller or greater of two values, MIN and MAX can be a clever way to avoid a more complicated IF formula.
Dave Bruns
Hi - I’m Dave Bruns, and I run Exceljet with my wife, Lisa. Our goal is to help you work faster in Excel. We create short videos, and clear examples of formulas, functions, pivot tables, conditional formatting, and charts.
