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nander
 
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Default How to express range of Percentages


Inventory Error Rate Penalty
0-1.0% 0.00%
1.0-1.5% 5.00%
1.5-2.0% 10.00%
2.0-2.5% 15.00%
2.50%+ 20.00%

When my inventory is off by a percentage of sales my managers get a
penalty based on the error rate. How do I express the listed ranges
above in a formula so that given a certain error rate the penalty is
calculated. For example a Manager's year end bonus is $5,000. The error
rate is 1.25% therefore he would be penalized 5% or $250.00.


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nander
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