Excel - IF Function Problem - Expert Solution

Question description:
This user has given permission to use the problem statement for this blog.

if actual sales higher than quota pay 5% if actual sales lower than quota pay 2%, how do I write this formula?
Solved by S. E. in 20 mins
This is the chat thread from the real Excelchat help session. It contains no private user information.
Excelchat Expert 10/08/2018 - 02:16
Hello
Excelchat Expert 10/08/2018 - 02:17
Welcome to excel gotit pro
Excelchat Expert 10/08/2018 - 02:17
Can you show me a few example data please?
Excelchat Expert 10/08/2018 - 02:20
Hello, are you there?
Excelchat Expert 10/08/2018 - 02:23
Hello!
Excelchat Expert 10/08/2018 - 02:27
What I understand from description is that there is a quote column and there is a actual sales column. Now you want to pay 4% if actual is greater than quote's otherwise pay 2%.
Excelchat Expert 10/08/2018 - 02:28
I've added some sample data on the preview window and and write the formula for it. The data is in column A and B.
User 10/08/2018 - 02:29
wWhere is the formula??
Excelchat Expert 10/08/2018 - 02:30
Its nice to get your response. I had some confusing hence asked for data. I didn't finish writing the formula yet.
Excelchat Expert 10/08/2018 - 02:30
=IF(B2>A2,B2*4%,B2*2%) here is the formula assuming you want 4% and 2% of actual sales.
User 10/08/2018 - 02:31
Yes this is what i need, thank you very much!!
Excelchat Expert 10/08/2018 - 02:31
I'm glad that you approve.
Excelchat Expert 10/08/2018 - 02:31
Let me know if you have any question.
Excelchat Expert 10/08/2018 - 02:36
The chat will end now.
Excelchat Expert 10/08/2018 - 02:36
Have a great day!

This is the output file from the real Excelchat help session:
This is an example of the expert help you can get. It contains no private user information.

Get instant expert help with Excel and Google Sheets

Post your problem and you’ll get expert help in seconds.

Your message must be at least 40 characters
Your privacy is guaranteed. Your session will not be used for blog unless you give us persmission.

Click here to get your free Excelchat help session

Subscribe to Excelchat.co
Trusted by people who work at
Amazon.com, Inc
Facebook, Inc
Accenture PLC
Siemens AG
Macy's
The Allstate Corporation
United Parcel Service
Dell Inc