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flyswiftly flyswiftly is offline
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Default Excel Formula - any help appreciated

I would create a table that I can use a vlookup on. This would allow
me to modify the bands and percentages easily when they change.

x1 y1
5000 0.05
15000 0.10
20000 0.15

the commision formula becomes =vlookup(sales,$x$1:$y$3,2,true)

Hope this helps,

Horst


On Nov 8, 8:21 am, Chris wrote:
Hello,

I'm using Excel to calculate commission payments for staff, they are paid a
% of revenue earned based on bandings achieved. For example:

5% of the first £5000
10% from £5001 - £15000
15% from £15001 - £20000
etc

If I have a total revenue figure, how can I write a furmula which calculated
the actual £commission earned based on the sliding scale above?

Any help appreciated,
--
Chris