Hi ,
The formula you have entered is :
=IF(B5>0,IF(A5<B5/3,1,IF(AND(A5>B5/3,A5<B5*2/3),2)),3)
The values in A5 and B5 are :
A5 : 15%
B5 : 10%
If we go through the evaluation of the above formula ,
1. B5 > 0 is satisfied
2. A5 < B5/3 is not satisfied
which means we are now left with the following condition to be checked :
IF(AND(A5>B5/3,A5<B5*2/3),2)
If we evaluate this formula ,
3. A5 > B5/3 is satisfied
4. A5 < B5*2/3 is not satisfied
Hence the AND of the above two tests returns FALSE.
Since the output when the condition is FALSE is not specified ( the output when the condition is TRUE is specified as 2 ) , Excel returns FALSE.
Narayan