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Calculated column

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Hi All,

 

I am facing a problem how to create a calculated column in which i can use if and else condition??


Example:
I have few names like X,Y,Z and their corresponding salary 10000,20000 & 30000.
I have to create a new calculated column so that X new salary will be double and Y salary would be thrice and so on.
Please any one suggest me solution.


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