somewhat???
140 already explained

--
Don Guillett
Microsoft MVP Excel
SalesAid Software

"Need Assistance! Please Help!"
m wrote in message
...
Formula somewhat worked. Where did you come up with the 140 in the string?

"Don Guillett" wrote:

Try it this way where g2 is the purchase price and g3 is the number of
shs.

=MAX(7,7+IF(AND(G2140,G31000),(G3-1000)*0.005))

--
Don Guillett
Microsoft MVP Excel
SalesAid Software

"Need Assistance! Please Help!"
m wrote in message
...
Unfortunately your formula did not work. I should have been more
specific.
First, I am using MS Excel 2007. The Information follows:

I have total shares in cell G2. I have total cost of purchase in cell
V2.
The standard commission is $7.00, but if I multiply the total cost of
purchase by 5% and it exceeds the $7.00, then the commission is $7.00
plus
$0.005 per share after the intial 1000 shares.

"Don Guillett" wrote:

One way
=MAX(7,7+IF(G31000,(G3-1000)*0.005))

--
Don Guillett
Microsoft MVP Excel
SalesAid Software

"Need Assistance! Please Help!"
m wrote in message
...
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.