How do I set up a commission calculation chart w/ "if" condition?
I am trying to set up a formula where a commission amount is calculated based
on the amount of sales an individual makes during a period. Say, if the sales amount is below $3000, the commission % is 1% (ie commission amount would be $30, which is $3000x1%). If the sales amount is greater than $3000 but less than $6000, the commission % is 1.5. If the sales amount is greater than $6000 but less than $8000, the commission % is 2%. So on and so forth...2.5%,3%, 3.5% up to 5%. Can this formula be set up in Excel? If anyone knows, I would appreciate if you could let me know via or I can call you on long distance if you give me the phone number. Best regards, John |
How do I set up a commission calculation chart w/ "if" condition?
Here's a link
http://www.mcgimpsey.com/excel/variablerate.html -- Regards, Peo Sjoblom Northwest Excel Solutions www.nwexcelsolutions.com (remove ^^ from email address) Portland, Oregon "Johnw" wrote in message ... I am trying to set up a formula where a commission amount is calculated based on the amount of sales an individual makes during a period. Say, if the sales amount is below $3000, the commission % is 1% (ie commission amount would be $30, which is $3000x1%). If the sales amount is greater than $3000 but less than $6000, the commission % is 1.5. If the sales amount is greater than $6000 but less than $8000, the commission % is 2%. So on and so forth...2.5%,3%, 3.5% up to 5%. Can this formula be set up in Excel? If anyone knows, I would appreciate if you could let me know via or I can call you on long distance if you give me the phone number. Best regards, John |
How do I set up a commission calculation chart w/ "if" condition?
Hi!
Is it a straight commission on the total amount or is it a cumulative rate commission? Which one of these: 1. total = 5000 commission is 1.5% of 5000 2. total = 5000 commission is 1% of the first 2999 plus 1.5% of the amount from 3000 to 5000 Biff "Johnw" wrote in message ... I am trying to set up a formula where a commission amount is calculated based on the amount of sales an individual makes during a period. Say, if the sales amount is below $3000, the commission % is 1% (ie commission amount would be $30, which is $3000x1%). If the sales amount is greater than $3000 but less than $6000, the commission % is 1.5. If the sales amount is greater than $6000 but less than $8000, the commission % is 2%. So on and so forth...2.5%,3%, 3.5% up to 5%. Can this formula be set up in Excel? If anyone knows, I would appreciate if you could let me know via or I can call you on long distance if you give me the phone number. Best regards, John |
All times are GMT +1. The time now is 03:31 PM. |
Powered by vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
ExcelBanter.com