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Find value within a range and extrapolating....(tiered commission)
Hi, I have the following problem.
Data : Profit Commission <100 50 101-200 150 201-250 300 However, the commision is not a flat rate but should be given proportionately within the profit range. E.g. if Net profit is 240, then commission should be ((300-150)/(250-200))*(240-200)+150 = 270 The formula must be dynamic such that the net profit is variable and once it changes, the formula has to look up the table to compute the proportionate commission. |
#2
Posted to microsoft.public.excel.worksheet.functions
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Find value within a range and extrapolating....(tieredcommission)
Have a look at this site:
http://www.mcgimpsey.com/excel/variablerate.html for a couple of examples of what you want to achieve. Hope this helps. Pete On Sep 18, 11:58*am, jazzii wrote: Hi, I have the following problem. Data : Profit * * Commission <100 * * * 50 101-200 *150 201-250 *300 However, the commision is not a flat rate but should be given proportionately within the profit range. E.g. if Net profit is 240, then commission should be ((300-150)/(250-200))*(240-200)+150 = 270 The formula must be dynamic such that the net profit is variable and once it changes, the formula has to look up the table to compute the proportionate commission. |
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