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excel formula

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(Querist)
25 November 2008 If cell value *0.12 is less than 780 result shuold be actual if it is more then result is 780 how make a formula in excel
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
25 November 2008 =If((x*0.12)<780,y,780)

where x is variable
y is actual

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