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I am trying to create a formula for my consignment business and I am having a
little trouble. Here is what I need the formula to do: If item sells for 300 or less 25% times the sales price, If item sells for300.01- 500, 25% of first 300 + 20% of the remaining amount betweem 300.01-500. If it sells for 500.01-1000, 25% of first 300, +20% of 300.01-500,+ 15%the remaining amount between 500.01-1000. If item sells for 1000 or more, 25% of first 300, +20% of 300.01-500, +15% of 500.01-1000, + 10% of the remaining amount over $1,000. ex. I sell a $750 guitar at my store I recieve 25% of first $300= $75 20% of 300.01-500= $40 15% of 500.01-750=$37.5 Total Commission= $152.5 I enter the following formula: IF(E22<300,SUM(E22)*25%,SUM((E22-300)*20%+75)) This formula allows me to solve the total commission for items under $300, and Items over $300, however, I can only assign 20% commission to items over $300. How can I create multiple rules for a single cell? |
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