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As long as you remember, as I forgot when posting, to put brackets around the numerator:
=IF(X2<M2,MAX((M2-X2)/M2,0.1),0)
A relative who used to work in the U.K. civil service and did spreadsheets pointed out to me today that xyr form of the formula would instead have been
=IF(X2<M2,MAX(1-X2/M2,0.1),0)
and would have not had the bracket bug.
(-:
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