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#1
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Array Formula?
I'm trying to create a spreadsheet for commission purposes.
Different commission percentages are paid based on a range of sales. For example: Sales between $80,000 to $100,000 earns 10% commission Sales between $50,000 to $79,000 earns 8% commission, etc. Does an array formula work for this? I've been trying to create one with no luck I appreciate any help |
#2
Posted to microsoft.public.excel.worksheet.functions
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Array Formula?
Hi,
If the number of ranges are not more than 7, you can use an if statement to calculate. For eg. using your given example, you can write a nested IF formula liks =IF(A1100000,11%,IF(A179999,10%,IF(A149999,8%,0 %))) However, if your range is more than 7, build a table using the least value of the sales range and the corresponding commission % Sales Value Commission % 0 2 (For sales from 0 to 19,999) 20000 5 (For sales from 20,000 to 49,999) 50000 7 (For sales from 50,000 to .....) And then use the formula =VLOOKUP(A1,RANGE,2,TRUE) where A1 is where the sales value is available and RANGE is the area where you have the sales value & commission % matrix. Regards Govind. FloridaMaggie wrote: I'm trying to create a spreadsheet for commission purposes. Different commission percentages are paid based on a range of sales. For example: Sales between $80,000 to $100,000 earns 10% commission Sales between $50,000 to $79,000 earns 8% commission, etc. Does an array formula work for this? I've been trying to create one with no luck I appreciate any help |
#3
Posted to microsoft.public.excel.worksheet.functions
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Array Formula?
Take a look here
http://www.mcgimpsey.com/excel/variablerate.html -- Regards, Peo Sjoblom (No private emails please) "FloridaMaggie" wrote in message ... I'm trying to create a spreadsheet for commission purposes. Different commission percentages are paid based on a range of sales. For example: Sales between $80,000 to $100,000 earns 10% commission Sales between $50,000 to $79,000 earns 8% commission, etc. Does an array formula work for this? I've been trying to create one with no luck I appreciate any help |
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