I am trying to write a formula that will take the eBay fixed priced final value fee percentages and will tell me as to how much the total final value fee is going to be, but I'm having problems figuring out how to properly write the formula in Excel.
Most of the stuff that I am looking to sell on eBay at the moment tends to fall into eBay's other category. eBay calculates things in three different tiers. The first tier ranges from $.99 to $50.00. The second tier ranges from $50.01 to $1,000.00. The third tier ranges from $1,000.01 on up.
In the first tier eBay charges 11%. Once an item enter the second tier, they charge 11% on the first $50.00 and then 6% on the remainder in the second tier and 2% on the remainder in the third tier. I've got my spreadsheet working fine with anything in the first tier. The problem that I'm having though is coming up with a formula that will look at the value in the price cell and then will determine, calculate and return the final value fee based on the amount in the price cell.
If the price is for example $54.95 then the formula should calculate it at 11% for the first $50.00. It should then take the remaining amount (in this example $4.95) and calculate that at 6%. It should then take the first amount and add that together with the second amount and return the value along with the $.50 cent fixed price fee that eBay charges.
I've tried to use the If function to calculate this, but I'm probably writing the expression wrong because when I try to write it all I get are error messages instead of the result.
I've scanned through numerous books relating to the subject, but none of them really seem to give me a clear cut solution at all on how to do it and I'm hoping that maybe someone here might happen to know how to create a formula within excel that will do that.
I've done some programming in the past, but I haven't done it in a while and am rusty at it. I know however that in a programming language one could write a routine that would take the variable and would compare it to see if it matched and while I wouldn't mind setting something like that up in something like VBA I'm primarily looking at just creating a formula that will calculate it so that I can find out as to how much the final value fee's will be so that I can add them onto the price so that I can pass that on to the customer. It's a process called markup in the business world and is fairly common. I however am just having problems getting Excel to cooperate with me on the issue without having to resort to programming.
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