Where “color” is the named range B5:B12 and “amount” is the named range C5:C12. The second test is more complex: Here, we filter amounts to make sure that only values associated with the color in E5 (blue) are retained. The filtering is done with the IF function like this: The resulting array looks like this: Notice the value from the amount column only survives if the color is “blue”. Other amounts are now FALSE. Next, this array goes into the SMALL function with a k value of 3, and SMALL returns the “3rd smallest” value, 300. The logic for the second logical test reduces to: When both logical conditions are return TRUE, the conditional formatting is triggered and cells are highlighted. Note: this is an array formula, but does not require control + shift + enter.

Dave Bruns

Hi - I’m Dave Bruns, and I run Exceljet with my wife, Lisa. Our goal is to help you work faster in Excel. We create short videos, and clear examples of formulas, functions, pivot tables, conditional formatting, and charts.