If your commission schedule is NOT progressive (i.e., if a profit of
$5,000 earns $5,000*2% = $100, while $5,001 earns $5,001*3% = $150.03):
=A1*LOOKUP(A1, {0,0;1000,0.02;5000.01,0.03;15000.01,0.05})
If your schedule IS progressive (e.g., $5,001 earns $100 + $1*3% =
$100.03):
http://www.mcgimpsey.com/excel/variablerate.html
In article ,
Marti wrote:
Help!
I'm a small business owner trying to design a commission spreadsheet based
on commissions that depend on profits.
For Instance:
Profits = 1000 - 5000, Commission = 2%
Profits = 5001 - 10000, Commission = 4%
Profits = 15001 - 20000, Commission = 5%
I can figure out how to make words fill the cell based on the number input
but I cant get it to perform a calculation based on the number input.
Help!
Marti