TheIFERRORfunction checks the first argument, whether it holds any errors or not. If it does, then theIFERRORfunction returns“Sales Target is not Correctly inserted”text. If not, it returns the value of the cell. Example 2 – Determine Achieved Sales Through IF and IFERROR We’ll hardco...
For example, to assign the commissions based on a lower number of sales, take the above formula and replace OR with AND statements. To put it differently, you tell Excel to return 10% only if Jan and Feb sales are greater than $150, 7% if Jan and Feb sales are greater than or equal...
For example, a line at the bottom left of the dialog reads “Formula result =.” Blank IF function dialog with empty Formula result IF Function Syntax and Arguments FieldDefinition Logical_test A test on a cell value that is either TRUE or FALSE. Value_if_true The value Excel will put ...
Method 1 – What-If Analysis of House Rent in Excel Our first example is based on the house rent. Using the scenario manager, you can find out which house is applicable for us. We would like to consider two scenarios House 2 House 3 The initial condition or dataset can consider as ...
Example 1 – Simple Excel IF Statement Suppose we wish to do a very simple test. We want to test if the value in cell C2 is greater than or equal to the value in cell D2. If the argument is true, then we want to return some text stating “Yes it is”, and if it’s not tru...
As an example, let's write a very simple IF formula that checks a value in cell A2 and returns "Good" if the value is greater than 80, "Bad" otherwise: =IF(B2>80, "Good", "Bad") This formula goes to C2, and then is copied down through C7: ...
For applying the COUNTIF Function example, go to the cell where we need to see the output and type the “=” (Equal) sign to enable all the inbuilt functions of Excel. Now type COUNTIF and select it. Range= Select the range as A2:A18. ...
Example 1: If Cell Contains Any Value, Then Return a Value This scenario checks whether or not the A2 cell is blank and then returns a specific value depending on the result. Formula =IF(A2<>", "No," "") Result The formula will return "No" in the output cell if the A2 cell is...
Step 1:Open a new Excel sheet and enter the exam scores in column A. Step 2:In an adjacent column (for example, B), enter the following IF formula: =IF(A2>= 60, "Pass", "Fail") Step 3:Press Enter, and the formula will automatically calculate and display the results. ...
Example #4 Using the “VLOOKUP” Function If the above “Nested IF” and “IFS” function is difficult for you to understand, the VLOOKUP function in Excel is simple to understand and apply. Let’s calculate the letter grade with the “VLOOKUP” function. ...