Quick, clean, and to the point

Cap percentage at specific amount

Excel formula: Cap percentage at specific amount
Generic formula 

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:


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.

Dave Bruns

Excel Formula Training

Learn Excel formulas and functions with concise, clear videos. Master absolute/relative addresses, dates, text, named ranges, and tools for troubleshooting. Each video comes with a practice worksheet and audio transcript. Instant access and complete 100% guarantee. Start today!

See details.

Just wanted to say that your site is really, really helpful. Great work and thank you! -Lloyd
Excel foundational video course
Excel Pivot Table video training course
Excel conditional formatting video course
Excel formulas and functions video training course
Excel Shortcuts Video Course