View Single Post
  #4   Report Post  
Posted to microsoft.public.excel.worksheet.functions
T. Valko T. Valko is offline
external usenet poster
 
Posts: 15,768
Default need help making a formula

Does that mean if the sales were 27,336 -

3% of the first 15,000 + 5% of the next 12,336 ?

If that's the case:

A1 = 27,336

=IF(A1="",0,MIN(A1,15000)*0.03+MAX(A1-15000,0)*0.05)

Commisson = 1066.80


--
Biff
Microsoft Excel MVP


"kath" wrote in message
...
i need to make a formula that will show a commission rate of 5% sales over
15,000 with a 3% sales commission for lesser sales. Could someone please
help me with this.