Assuming that A2 contains the amount the supplier spent, try...

=IF(A2200000,"Exceeds
200,000",LOOKUP(A2,{1,100001,150001},{0.0025,0.003 1,0.0038}))

Hope this helps!

In article ,
Ray wrote:

I am trying to create a formula for which I need to calculate a discount
percentage based on supplier spend. For example, a supplier may receive a
discount of .25% based on spend between $1.00 and $100,000.00, .31% based on
spend between $ 100,001.00 and $ 150,000.00 and a .38% discount based on
spend between $ 150,001.00 and $ 200,000.00. We have been trying several
options but it doesn't seem to be working.