Unfortunately your formula did not work.

I'll should have been more specific. First, I am using MS Exel 2007. The
formula I need:

I have total shares listed in cell G2. The total cost of the purchase is in
cell V2. Now, the commission is standard at $7.00, but if I multiply total
cost by 5% and it exceeds $7.00, then commission is $7.00 plus $0.005 for
every share over the initial 1000 shares.

"daddylonglegs" wrote:

With total price in A2 and number of shares in B2

=IF(A2="","",7+(A2*5%7)*MAX(0,B2-1000)*0.005)

"Need Assistance! Please Help!" wrote:

I have develped a spreadsheet to assist me in my stock trading. I have one
column that I need to set up to calculate the commission rate. It took me a
couple of years to get the basic calculations information figured out back in
1998 and it has helped me a great deal when used on all my accounts. But, I
still lack the expertise in some calculation functions. I would greatly
appreciate anyones assistance. Given information follows:

Commision rate is equal to $7.00. If though by multiplying 5% of the total
price, that figure exceeds the $7.00 standard rate, then additional
commission is $0.005 per share that exceeds 1000 shares.