Enter a formula in cell B10 to return a value of 35000 if the Net Profit After Tax (cell B9) is greater than or equal to 470000 or 100 if it is not.
Answer (2)
Use an IF function to check if the value in cell B9 is greater than or equal to 470000.
If the condition is true, return 35000.
If the condition is false, return 100.
The Excel formula is =470000, 35000, 100)}"> = I F ( B 9 >= 470000 , 35000 , 100 ) .
Explanation
Understanding the Problem The problem requires creating an Excel formula for cell B10. This formula should check the value in cell B9 (Net Profit After Tax). If B9 is greater than or equal to 470000, the formula should return 35000. Otherwise, it should return 100.
Using the IF Function We can use an IF function in Excel to solve this problem. The IF function has the following structure: IF(condition, value_if_true, value_if_false).
Constructing the Formula The condition is whether the value in cell B9 is greater than or equal to 470000, which can be written as B9>=470000. If this condition is true, the formula should return 35000. If the condition is false, the formula should return 100.
Final Formula Therefore, the complete Excel formula is: =IF(B9>=470000, 35000, 100). This formula checks if the value in cell B9 is greater than or equal to 470000. If it is, the formula returns 35000. Otherwise, it returns 100.
Examples
Imagine you're a sales manager, and you want to give your team a bonus based on their performance. If a salesperson's sales (Net Profit After Tax) are greater than or equal to $470,000, they receive a bonus of $35,000. Otherwise, they receive a bonus of $100. The Excel formula =IF(B9>=470000, 35000, 100) can automatically calculate the bonus for each salesperson based on their sales figures. This makes bonus calculations quick and easy.
You can use the IF function in Excel to return 35,000 if the Net Profit After Tax (B9) is greater than or equal to 470,000; otherwise, it returns 100. The formula to use in cell B10 is =IF(B9 >= 470000, 35000, 100) . This helps to quickly evaluate the profit performance based on given criteria.
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