The counterpart to this function is the ISNONTEXT() function:
ISTEXT(value)=NOT(ISNONTEXT(value))
Example. If products are either exempt from sales tax or incur a 7 percent or a 19 percent rate, the gross value can be calculated. Create a list box containing the different sales tax rates, and enter 0% for none. You could also keep none and use a formula to check for text.
Assume you have a list like the one shown in Figure 11-6.
You can enter the percentages in column K in a different worksheet. It is important to use this list in the Validation Rules dialog box for column M.
For all calculations in column N, the same formula is used:
=IF(ISTEXT(M42),,L42*M42)