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NESTED IF STATEMENT
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Don Guillett
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Posts: 10,124
NESTED IF STATEMENT
=IF(J13333.33,MIN(99,0.033*J13),IF(J1311,11,J13) )
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Don Guillett
Microsoft MVP Excel
SalesAid Software
"SSJ" wrote in message ...
Don thanks for your response.
There is a cap on the criteria # 3.
In other words, if A2 is greater than $333.33 then A2 needs to be multiplied by 3.3%, however, the result of this multiplication cannot exceed $99.
For example, if A2 = $3500, then 3.3% of 3500 is equal to $115.50, however, due to the capping, the commission will not be $115.50 but instead it will be $99.00
Regards
SJ
"Don Guillett" wrote in message ...
Based on what you said???
=IF(a2333.33,99,IF(a211,11,a2))
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Don Guillett
Microsoft MVP Excel
SalesAid Software
"SSJ" wrote in message ...
Hello,
I have to calculate commission on sales tax collected based on the following criteria:
1) If sales tax collected is $11.00 or less, then the commission = to the sales tax collected
2) If sales tax collected is $11.01 - $333.33, then the commission= $11.00
3) If sales tax collected is more than $333.33, then commission = 3.3% of the sales tax collected, with a maximum amount = $99.00
My attempt was as follows, which work, however, I want to find out a better way, if any, to do this:
=IF(A2<=11,A2,IF(A2<=333.33,11,IF(A2<3000,A2*0.033 ,99)))
Thanks
SJ
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