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TravelBug's avatar
TravelBug
Copper Contributor
Sep 17, 2020

Excel formula for minimum charge or % of transaction, whichever is higher

Hi, I need a formula to calculate charges as follows: standard charge is 3% or minimum charge of $10 will apply, whichever is greater.

2 Replies

  • JMB17's avatar
    JMB17
    Bronze Contributor
    =Max(0.03*x, 10) where x is the number 3% is applied to.

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