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Thanks in advance for the assistance.
I am attempting to create a formula that will calculate a percentage of an amount based on three different percentages. (Huh?) 1. If the amount is 300000 or less, it gets 15% (or 45000). 2. If the amount is 300001 to 500000, the first 300000 is at 15% and the remainder is calculated at 13% (so 499999 = 70999.87). My formula through this point is: =IF(C6=0.15,B6*0.15,IF(C6=0.13,(B6-300000)*0.13+45000,0)) 3. My problem comes in when I am adding the third calculation which is if the amount is 500001 or over, then the first 300000 is 15%, the next 200000 is at 13% and the remainder will be calculated at 11%. This is the formula I want to use: =IF(C7=0.15,B7*0.15,IF(C7=0.13,(B7-300000)*0.13+45000,IF(C7=0.11,((B7-300000)*0.13+45000)+(B7-200000)*0.11+65000),0)) Excel is telling me I have too many arguments. Can anyone help? I have set up the data in three columns. The first colum is the amount. The second column is the percentage which I am calculating using this formula: IF(AND(B2=1,B2<=300000),15%,IF(AND(B2=300001,B2< =500000),13%,IF(B2=500001,11%,0))) The third column is where I would like the total or percentage amount to end up. EXAMPLE OF TABLE Amount % Total 1000 0.15 150 200000 0.15 30000 300001 0.13 45000.13 333333 0.13 49333.29 499999 0.13 70999.87 500000 0.13 71000 Hope I gave you enough to work with. any help would be great!!!! |
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