IF Function Condition - UNPARSEABLE

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Hello,

I have the following formula that does not seem to be working.

=IF([Result]19<0,100%,IF((AND([Result]19>=100%,[Result]19<103%)),100%,IF((AND([Result]19>=103%,[Result]19<106%)),75%,IF((AND([Result]19>=106%,[Result]19<109%)),50%,IF((AND([Result]19>=109%,[Result]19<112%)),25%,IF([Result]19>=112%,0%,0))))))

For every 3% over 100 we reduce 25% of the result.

What am I missing?

Thank you

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