**Microsoft Excel** is a practical application. With Excel’s tools and capabilities, you can perform an endless number of operations on a dataset. Frequently, we must use the combination of **IF** and **ISERROR** statements in **Excel**. However, applying **Nested IF and ISERROR** functions are essential in many situations. This article examines two suitable examples for implementing **Nested IF and ISERROR** functions. Therefore, don’t hesitate to go through these two practical examples to use **Nested IF and ISERROR Formula** in **Excel**.

**Table of Contents**hide

## Download Practice Workbook

Please click the link underneath this section if you want a free copy of the illustration workbook we discussed during the demonstration.

## Why Do We Use Nested Formulas?

**Function Nesting** is passing one function into another as a parameter. In other words, **Nesting** is when a function is utilized as an expression in another function’s equation. In this case, the nested function will be referred to simply as the function. Only the data stored in a stored procedure exogenous variables can be released from the function’s main memory. When multiple calculations must be performed to conclude, and the results from those computations are not required at each intermediate stage, nesting functions may be helpful.

## 2 Practical Examples to Use Nested IF and ISERROR Functions in Excel

To illustrate this point, let’s examine two representative datasets. The first dataset consists of four columns titled **Product Name**, **Gross Cost**, **Quantity**, and **Unit Price**. Using the combination of **IF** and **ISERROR**, we will create a **Nested Formula** to determine the **Unit Price** of commodities. In contrast, the second dataset has three columns: **Sales Rep**, **Experience (Year)** and **Target Sales**. Furthermore, two pieces of information about **Primary Sales** and **Basic Salary** belong to the second dataset. Eventually, we will develop a Nested statement using the **IF** and **ISERROR** functions to establish **Target Sales** for various employees.

**Notes**

I’ve also been using **Microsoft Excel 365** to compose this post. You are free to select the version that best meets your needs, and whichever option you choose is acceptable to us.

### 1. Calculate Unit Price of Commodities Using Nested IF and ISERROR Functions

**The IF function** performs a logical evaluation and produces one answer for quite a **TRUE** result and another for a **FALSE** conclusion. **The ISERROR function**, on the other hand, can be used to check if a numerical expression contains an error. In this context, we will develop a nested formula to determine the **Unit Price** of commodities using these two functions. To complete the work with the assistance of the nested procedure, adhere to the guidelines below.

__STEPS:__

- To begin, choose the intended sheet as the
**Active**sheet. - Second, select the
**E5**cell. - Third, input the below equation in the
**Formula**bar.

`=IF(ISERROR(C5/D5),"On the way",C5/D5)`

- After that, hit the
**Enter**or**Tab**key. - Subsequently, the result will display in
**E5**.

- Now, we have to use the same formula in the other cells.
- To achieve this, utilize the
**AutoFill Handle**icon and drag it to cell**E10**. - As a result, it will produce the desired output like the below one.

**Formula Breakdown**

`=IF(ISERROR(C5/D5),"On the way",C5/D5)`

For this formula to make sense, you need to know how to use the following Excel functions:

**IF and ISERROR Functions**

**ISERROR(C5/D5)**

**The ISERROR function** determines whether a mathematical expression contains an error. In this demonstration, by involving **the ISERROR function** in the combination, we find- **FALSE.**

**IF(ISERROR(C5/D5),”On the way”,C5/D5)**

**The IF function** performs a logical evaluation and returns one value for a **TRUE** conclusion and another for a **FALSE** one. Here, **the IF function** will evaluate **FALSE **because of the output of **the ISERROR function** and perform **C5/D5**. Utilizing **the IF function**, we get – **49**.

**Read More: ****How to Use ISERROR and VLOOKUP Functions in Excel**

### 2. Estimate Target Sales Utilizing Nested IF and ISERROR Formulas

A sales goal is the minimum and maximum quantities of a product the sales representatives must sell to achieve financial stability and growth. This section will cover how we can estimate the Target Sales utilizing **nested IF and ISERROR formulas**. Follow the directions below to successfully finish the work with the help of the nested **IF** and **ISERROR** functions.

__STEPS:__

- To get started, select the sheet you want to use as the
**Active**sheet. - In the second step, pick the
**D5**cell. - In the third stage, type the equation below into the
**Formula**bar.

`=IF(ISERROR($D$12*$D$13/C5),$D$12,C5*$D$12)`

- After that, you may either press
**Enter**or**Tab**to continue. - Following that, the result will appear in the
**D5**cell.

- Now we need to apply the same formula to all of the other cells in the
**D**column. - To do this, make use of the symbol designated as the
**AutoFill Handle**and move it to cell**D10**. - As a consequence of this, it will generate the desired output, which will look like the example below.

**Formula Breakdown**

`=IF(ISERROR($D$12*$D$13/C5),$D$12,C5*$D$12)`

To understand this formula, you must be familiar with the following Excel functions:

**IF and ISERROR Functions**

**ISERROR($D$12*$D$13/C5)**

In this demonstration, by involving **the ISERROR function** in the combination, we find TRUE**. **Here, the **C5** cell contains **0**. Diving by **0** results in **#DIV/0!** Error.

**IF(ISERROR($D$12*$D$13/C5),$D$12,C5*$D$12)**

Here, The return value of **the ISERROR function **is **TRUE. That’s** why **the IF function** provides the value of cell **$D$12**. Utilizing **the IF function**, we get – **400**.

**Read More: ****Use ISNUMBER Function with IF and Then Statements in Excel**

## Conclusion

From this point forward, you can use **Nested IF and ISERROR Formula** in **Excel** by following the examples we just covered. You may find many articles similar to this on the **ExcelDemy Website**. Continue utilizing them, and let us know if you have any additional ideas or other methods for finishing the assignment. Please send any queries or suggestions in the below space.

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