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Excel formula Help

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New Contributor

Hi,

 

I am trying to create a formula which looks at a value in a cell then depending on the value returns a set price. for example if cell a1 is between 0 and 0.03 it should return the value of £1. if cell a1 is between 0.03 and 0.05 it should return the value of £2. If cell a1 is between 0.05 and 0.08 it should return the value of £3 etc.

 

many thanks in advance for any help

3 Replies
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Solution

Hi,

 

If ignore your "etc." the function could be like

image.png

You may hardcode your ranges within the formula, but that's not a good idea.

Same is in attached file.

hi sergei,

that works great, thanks a lot
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Hi @halkett  - You have to use a Vlookup formula with an approximate match and include your ranges in a lookup table.

 

For instance:

0 - .03 = Scenario 1

.03 - .05 = Scenario 2

.05 - .08 = Scenario 3

.08 and above = Scenario 4

 

Attached is a spreadsheet of how it works. Your variable (that you change to test the formula) is in A1. The Vlookup formula itself is in B1. Please let me know if this works for you.

 

Lookup Ranges.png

 

 

Regards,

William