Question

Enter a formula in cell B28 to return a value of 25,000 if the net profit after tax (cell B27) is greater than or equal to 250,000 or 1,000 if cell B27 is less than 250,000. True or False?

Answer 1

To calculate the value in cell B28 based on the net profit after tax in cell B27, use the IF function: =IF(B27 >= 250000, 25000, 1000). This will return 25,000 if the profit is greater than or equal to 250,000, or 1,000 if it is less.

Step-by-step explanation:

The question is asking for a formula to use in a spreadsheet cell (B28) that will provide a result based on the value in another cell (B27), which contains the net profit after tax. The correct formula to use would be the IF function in Excel or a similar spreadsheet program. The IF function works by evaluating a condition and then returning one value if the condition is true and another value if the condition is false.

Here's the step-by-step explanation of the formula you would enter in cell B28:

So the entire formula you would put into cell B28 is: =IF(B27 >= 250000, 25000, 1000