Excel/Excel Sum Help
QUESTION: I have a column of dollar amounts in column I. The situation is as such. The first $250 is to be paid by a certain party then the rest of the total is split up by two parties.
I need a cell to reflect this first 250. My best guess would be as such...in cell P5, if less than or equal to 250 then sum of column I, else 250.
Let me know if I need to be clearer than this.
How about this
The sumif formula sums all amounts less than or equal to 250.
The countif formula counts the number of times that the amounts in the range exceed 250 then multiplies that number by 250 and the total of that is added to the sumif total.
All amounts that are less than 250 are included at their actual value and all amounts greater than 250 are included at 250 only.
I think this is what you wanted.
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QUESTION: That didn't work...it appears that it just gave a total of column I. Let me put it a different way in case I was not clear.
The first $250 of the total amount of column I is to be paid by a certain party then the rest of the total is split up by two parties.
I need a cell to reflect this first $250. My best guess would be as such...in cell P5, if sum of column I is less than or equal to 250 then P5 equals the sum of column I, if sum of column I is greater than 250, then P5 equals 250.
This is what my original formula will do
if the number is 500 it will add 250
If the number is 125 it will add 125
If the number is 642 it will add 250
If the number is 25 it will add 25
As you see it adds all of the numbers that are 250 or less substituting 250 for any number that is more than 250.
If that is not right then I have misunderstood and I still do not understand from you current explanation. If it is correct then try my first solution again. I'm thinkin that you may have written the formula incorrectly, so I suggest that you copy and paste the formula directly into your excel sheet (it has been tested and does work as explained above), you may however have to change the row numbers to fit your situation, but if the column is column I then nothing else should need to be changed.
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