Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.

Get a Professional Answer

Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.

100% Satisfaction Guarantee

Rate the answer you receive.

Ask getsetgo Your Own Question

getsetgo, MBA

Category: Homework

Satisfied Customers: 3486

Experience: MBA from IIM Calcutta, Engineer, 8+ years of exp. at executive level

15962517

Type Your Homework Question Here...

getsetgo is online now

I am stuck with a problem I can not figure out:
A price

Customer Question

I am stuck with a problem I can not figure out:

A price is X value (can change and will be handled accoridng to the below calc) A produkt has a margin on 20% If the margin in amount is less than 250 units the shown amount should be 250 units If the margin is more than 1200 units the shown amount should be 1200 units If the margin is more than 250 but less than 1200 the margin is 20% och the price.

For example:

Ig you sell a product at the cost of 1000 The margin of the produkt is 20%, 200. That gives to little profit so the price should then be 250. If you sell a product at the cost of 7000 The margin of the product is 20%, 1400 That gives to much profit so the price should then be 1200.

If the margin in amount is less than 250 units the shown amount should be 250 units If the margin is more than 1200 units the shown amount should be 1200 units If the margin is more than 250 but less than 1200 the margin is 20% och the price.

margin<250 margin=250 margin>1200 margin=1200 margin lies between 250 and 1200 that is if margin is greater than 250 and less than 1200 then it should be the 20% of the price or equal to the margin you have calculated.

Your first two examples are absolutely correct

active1065 :

For the 3rd one take one more example

active1065 :

if product price 2000

active1065 :

margin=20% of the price=400

active1065 :

it lies between 250 and 1200 .

active1065 :

so margin will be the same i.e 20 % of the price=400

Customer:

The calculation is a price matrix.

active1065 :

this is what my understanding of the problem

active1065 :

i will opt out for other experts as i am running out of time

Customer:

The price on a product should be 250 on lower margins and 1200 on higher margins but be the margin inbetween the low and the high. I tried with this formula: =IF(C75<=C76;C76;IF(C75>=C77;C77;IF(AND(C75>=C76;C75<=C77;C75)))) C75=Margin, C76=250, C77=1200

Customer:

Your example "For the 3rd one take one more example" is correct!

I have tried your calculation and when I write: =IF(B4<=250,250,IF(B4<1200,B4,1200)) it does not work - i get a message from excel that there is a fault in the formula. I then tried to change , to ; and It seems to work with 10 000. But when I lower it to 5 000 it does not work.

And wehn i go through the lower ranges it is OK until i reach the breakpoint and the system directly leav no margin... How can I use , instead of ;?

It works with 5000 as well. I get the answer 1000.

Do not enter anything in margin (as 20% is fixed) or any other thing. Just change the value in Price (B2). Then see the effect in yellow color cell B5.

Check with all possible values. If you get any such values, lt me know. I think it should work with all values. When you are satisfied with the result, I will explain the formula, if you want me to do so.

I have identified critical ;points like this: Margin 250 and 1200 are critical. This happens when price are 1250 and 6000 respectively. So, I tested this formula for following points and found correct result:

The thing is, I can not write "," Excel gives me wrong in my formula. I then tried to change it to ";" instead, but this semicolon is maybe different in what it means and hot the excelformula works - so how can I use "," te comma? =IF(B4<=250,250,IF(B4<1200,B4,1200))

you have to write comma (,) only. Semicolon will not do. Formula is as: =IF(condition,value if true,value if false) If you can not write comma in excel, write in notepad and copy paste in excel.

If you maintain same columns, you can simply copy paste this in your cell B5:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.

JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.

Web sites like justanswer.com/legal ...leave nothing to chance.

Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.

Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.

I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C.Freshfield, Liverpool, UK

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.GPHesperia, CA

I couldn't be more satisfied! This is the site I will always come to when I need a second opinion.JustinKernersville, NC

Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around. EstherWoodstock, NY

Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know. RobinElkton, Maryland

He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here.DianeDallas, TX

Meet The Experts:

LogicPro

Engineer

Satisfied Customers:

4925

Expert in Java C++ C C# VB Javascript Design SQL HTML