I need a formula for a sliding scale commission. I have figured it out in separate steps but not in one nice neat formula. The sliding scale is 40% on the 1st $100, 30% on the 2nd $100, 25% on the 3rd $100, 20% on the 4th $100, and 15% on anything over $400. Example: If something sold for $580 the commission would be: $40 of the 1st $100, $30 of the second $100, $25 of the 3rd $100, $20 of the 4th $100, and $27 of the remaining $180 after $400.
What I would like is:
1st cell= what the sale was for
2nd cell=what the commission is
3rd cell=what the remainder is
Please, please, please help me.
Thanks
Daniel
If the value of the sale is in cell A1 then the formula to calculate commission is:
=MIN(40,A1*0.4)+MAX(0,MIN(30,(A1-100)*0.3))+MAX(0,MIN(25,(A1-200)*0.25)+MAX(0,MIN(20,(A1-300)*0.2))+MAX(0,(A1-400)*0.15))
If you put that formula in cell B1 then in C1 you could put:
=A1-B1
To give you the remainder.
You might want to consider using a lookup table, this will make the calculations more versitile.
In B2 the formula is for a static table
In C2 the formula is for a dynamic named table "CommissionTable" (See the Names Manager)
Use whatever one you wish
Change the values for max, and percentage to amend the band widths.
Increase the table depth as required.
If you need any more information, please feel free to ask.
However, if this takes care of your needs, please click EDIT in your original post, click GO ADVANCED and set the PREFIX box to SOLVED. It helps everybody! ....
Also
If you are satisfied by any members response to your problem please consider using the small Star icon botom left of thier post to show your appreciation.
There are currently 1 users browsing this thread. (0 members and 1 guests)
Bookmarks