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Excel will run the logical test and return the appropriate value. In this case, the formula would look like:Įnter the required information and then click OK. You can use the IF function to determine if you are over or under budget. You create a spreadsheet to calculate all of your expenses, such as airfare, lodging, food, etc. You’re going on a vacation and you’ve set a budget at $8,000 for the 7-day trip. So, if the student’s final score in cell E3 is greater than 69, return “Pass.” If it’s 69 or below, return “Fail.” In this scenario, we would use this formula: If you have a long list of comic books you’re interested in buying rights for, you can use the IF function to quickly determine how much you’ll need to pay to own the rights for the comic book based on the number of chapters in the comic. If it’s less than 20 chapters, your company will pay $200 per chapter. If a comic book has 20 chapters or more, your company will purchase the rights for that comic book for $180 per chapter. Let’s say you work for a publishing company and you buy and sell rights for comic books. There are numerous scenarios in which the IF function would come in handy in business. Here are a few situational examples of when using the IF function would be ideal. The IF function is one of the most widely-used and popular functions in Microsoft Excel, largely due to its ability to be used in a wide number of scenarios. While this example is certainly an oversimplification of what the IF function can be used for, it is the basic concept of how the function works. In human language, this means that if cell D9 is equal to $1,000, then return “Yes.” If not, return “No.” In other words, the Logical_test value checks if a condition is met and then returns a predetermined true or false value. =IF(Logical_test,Value_if_true,Value_if_false) The IF function returns a result by comparing data that exists against a value you set. All of Excel’s Logical functions perform actions based on the results of the specific function’s test. What is the IF function in Microsoft Excel?Įxcel comes packed with a long list of Logical functions.
#USES OF MICROSOFT EXCEL HOW TO#
How to use IF in Excel: A step-by-step tutorialġ.What is the IF function in Microsoft Excel?.In this tutorial, we’ll show you how to use the IF function, as well as provide some real-world use cases. The IF function is categorized as a Logical function, and is one of the most commonly-used functions in Microsoft Excel. It then returns one of two values depending on whether the comparison was true or false.
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The IF function in Excel compares existing data in the spreadsheet against the value you set in the IF function’s Logical_test field.