Nesting IF and OR statements

Question

I am having troubles getting Excel to calculate a formula using IF and OR.

I have a spreadsheet where I need the information from K6*I6 to be nested. I need it to differentiate the percentage that's listed in cell K (it will be either 12.5% or 25%) and then calculate based on that. For instance - if K=25% and K6*I6<=150 I need it to put in 150 BUT if it's more than 75 I need it to put the total amount BUT if K=12.5% and K6*I6<=75 I need it to put in 75.

I can't seem to get the right syntax for it to work.

Answer 1

This should do it:

=MAX(600*K6,I6*K6)

Work out:

600*K6 (Will either be 75 or 150 depending on if K is 12.5% or 25%)

K6*I6

Take the maximum value