How do I set up multiple if statements in Excel?
 

I'm trying to set up a formula to calculate commissions based on weekly
sales, as follows:

If $1000<sales<$2500, commission = sales*30%
If $2500<sales<$4000, commission = sales*35%
If $4000<sales<$4500, commission = sales*40%

Can anyone help, please? I'm using Excel 2000.

Thanks.

One way

http://www.mcgimpsey.com/excel/variablerate.html

--
Regards,

Peo Sjoblom

(No private emails please, for everyone's
benefit keep the discussion in the newsgroup/forum)



"LKraft0318" wrote in message
...
I'm trying to set up a formula to calculate commissions based on weekly
sales, as follows:

If $1000<sales<$2500, commission = sales*30%
If $2500<sales<$4000, commission = sales*35%
If $4000<sales<$4500, commission = sales*40%

Can anyone help, please? I'm using Excel 2000.

Thanks.

Set up a table with the rates. It should look like this:

0 0
1000 0.30
2500 0.35
4000 0.40

Let's say you put that in K1:L4

Then with the sales in A1, the formula is

=A1*VLOOKUP(A1,$K$1:$L$4,2)


On Wed, 9 Feb 2005 12:41:07 -0800, "LKraft0318"
wrote:

I'm trying to set up a formula to calculate commissions based on weekly
sales, as follows:

If $1000<sales<$2500, commission = sales*30%
If $2500<sales<$4000, commission = sales*35%
If $4000<sales<$4500, commission = sales*40%

Can anyone help, please? I'm using Excel 2000.

Thanks.