calculating commissions
RC wrote:
I am looking for a formula that allows me to calculate payment to sales
people for comissions but with a draw.
Example
Sales person makes 1000 a month
Sales are 100,000 a month
He gets 1% of sales as commissions = 1000
So in this example, he does not get paid any commissions.
If he sold 200,000 he would get 1000 paid in commissiio.
I have it structured where the monthly draw is in one row and below I have
the comissions, but I want to show the ammount of commissions they get paid,
if they have to get paid.
Hope its clear. Its kind of hard explaining it in words.
THanks
I interpreted your example as follows:
"A salesperson's commission rate is 1% of sales, but only to the extent
that the commission exceeds the salary. How do I calculate the commission?"
Then using named ranges to indicate Sales and Salary, this will be the
commission:
=MAX((Sales*0.01)-Salary,0)
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