# Cap percentage at specific amount

=MIN(A1*percent,1000)

To calculate a percentage based value capped at a specific amount, you can use the MIN function.

In the example shown, the formula in D6 is:

=MIN(C6*10%,1000)

### How this formula works

This formula takes advantage of the fact that the MIN function works fine with small sets of data, even two values.

Inside MIN, the value in C6 is multiplied by10%, and the result appears at the first number given to MIN. The number 1000 is supplied as the second value.

The MIN function then returns the smaller of the two values.

### Replacement for IF

This formula is a clever way to avoid a more complicated IF formula. You can use the MIN and MAX functions to replace IF when you want to return the smaller or greater of two values.

## Excel Formula Training

Make sure you have a solid foundation in Excel formulas! In this step-by-step training, you'll learn how to use formulas to manipulate text, work with dates and times, lookup values with VLOOKUP and INDEX & MATCH, count and sum with criteria, dynamically rank values, and create dynamic ranges. You'll also learn how to troubleshoot, trace errors, and fix problems. Instant access so you can start today. See details here.