For the life of me, I cannot wrap my head around this one. I am trying to lock down the formula for the following situation:
I have a cell for Gross Profit (F2). I type the amount in manually. I have another cell for F&I Profit (H2). I also type this manually. I need a formula for cell (I2), which is the commission earned on (H2). Here is where it gets interesting:
-If (F2) is a negative number, the max that I will earn on (I2) is $25 regardless of the amount in (H2)
-If (F2) is a positive number between 0-500, the minimum I will earn on (I2) is also $25
-If (F2) is a positive number between 500-10000, my earnings will be (I2*5%), but $100 is the MAXIMUM that I can earn.
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