Sliding commission rates in excel
On Jul 16, 8:05 pm, wrote:
Commission rate:
Billings up to $1500 at 45%
Billings between $1500 - 2000 at 50%
Billings above $2000 at 60%
You might want to clarify what you mean.
As written (and interpreted by some responses), it surprises me that
you intend to pay (or receive) over $75 more just for being clever
enough to convince a customer to pay $2 more (the difference between
$1499 and $1501).
I wonder if you really mean is: 45% on the first $1500, 50% on the
amount over $1500 up to $2000, and 60% on the amount over $2000.
Also, phrases like "up to" and "between" are imprecise and error-
prone, at least as you used them. Clearly you intend for $2000 to be
the top end of the 50% bracket. (At least, that is what "above"
clearly means. Was that your intent?) Do you intend $1500 to be the
top of the 45% bracket likewise, or do you intend $1500 to be the
bottom of the 50% bracket?
You could write unambiguously (if this is your intent):
Billings below $1500 at 45%
Billings between $1500 - 2000 at 50%
Billings above $2000 at 60%
Or you could write (if this is your intent):
Billings up to $1500 at 45%
Billings above $1500 up to $2000 at 50%
Billings above $2000 at 60%
----- original posting -----
On Jul 16, 8:05*pm, wrote:
I have tried to follow this thread and work through a similar
commission calculation. *Can anyone write an excel formula for me to
help me stop losing any more hair?
Commission rate:
Billings up to $1500 at 45%
Billings between $1500 - 2000 at 50%
Billings above $2000 at 60%
Thanks
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