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I have a formula field returning a specific value if a picklist equals a specific selection.

 

IF(

 

ISPICKVAL( Locker_Color__c , "Custom Color" ), 2500, 0)

 

This has become a bit more complex now as this same value of Custom Color is being used for something else. New situation is:

 

If Locker color (picklist) = Custom Color, Custom Color Fee = $2500

 

If Locker Color (picklist) = Custom Color AND Custom Wrap (checkbox) = True, Custom Color Fee = $0

 

I had a formula that would set the Custom Color Fee to $0 if the Locker Color = Custom Color and the Custom Wrap = True, however, turns out in all other cases it is showing $2500 as a Custom Color Fee. 

 

Formula used:

 

IF(

 

AND(

 

ISPICKVAL( Locker_Color__c , "Custom Color" ),

 

Custom_Wrap__c), 2500, 0)

 

How can I get a formula to return $0 on all other color options?

 

If Locker Color = anything but "Custom Color" and "Custom Wrap" is False, return $0 in Custom Color Fee. ? 

 

Any help on this is much appreciated. 
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