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Need help Please setting up Cumulative Commission Structure Need Formula from excel gurus

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    Need help Please setting up Cumulative Commission Structure Need Formula from excel gurus

    Hey guys Need a formula set up to do a commission table as structured below.


    Incremental % Tier
    2% $250.00
    5% $500.00
    9% $750.00
    12% $1,000.00

    Trying to set up a formula where if sales were to reach $250 the commission would be $5. Anything below $250 would be zero commission.

    If sales were $350 then that would only be 2% total commission.

    If sales were to reach above $500 lets say $550 however it would unlock the 5% tier and commission in this case would be ($250*2%)+($300*5%) = $17.5.

    If $800 was reached it would unlock 9% tier (being above $750) and would be ($250*2%)+($250*5%)+($300*9%)= $44.5

    Been at this for a bit and could really use some help. Thanks!
    Last edited by NeedHelp555; 04-25-2018 at 11:50 AM.

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    Re: Need help Please setting up Cumulative Commission Structure Need Formula from excel g

    Excel 2016 (Windows) 64 bit
    A
    B
    C
    D
    E
    1
    Incremental% Tier Sales Comm
    2
    0%
    $0.00
    500
    17.5
    3
    2%
    $250.00
    4
    5%
    $500.00
    5
    9%
    $750.00
    6
    12%
    $1,000.00
    7
    Sheet: Sheet1

    E2
    Formula: copy to clipboard
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    Re: Need help Please setting up Cumulative Commission Structure Need Formula from excel g

    Thanks, what cell would the formula go into? Getting "Value" error

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    Re: Need help Please setting up Cumulative Commission Structure Need Formula from excel g

    D2 having the sales value suppose it is $500 then copy the above formula and paste it into E2 simply

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    Re: Need help Please setting up Cumulative Commission Structure Need Formula from excel g

    Thanks!! The numbers seem to work for some instances only. Example when it does not work is when I enter in $600 it should be ($250+2%)+($350*5%) = $22.5 but formula gives $26.5

    Do you know the cause?

    Thanks so much for helping!!!

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    Re: Need help Please setting up Cumulative Commission Structure Need Formula from excel g

    May be I am wrong, but First 250 would be 2 %, next in hand sales would be 350, now again 250 would be 2% and rest 100 would be 5%. Am I wrong?

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    Re: Need help Please setting up Cumulative Commission Structure Need Formula from excel g

    No the 5% tier would only get "unlocked" if the $500 threshold is passed and same with other %'s

    Example if $350 then that would only be 2% total commission. At $550 it would be at the next tier so it would be ($250*2%)+($300 remaining *5%) = $20


    Incremental % Tier
    2% $250.00
    5% $500.00
    9% $750.00
    12% $1,000.00

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    Re: Need help Please setting up Cumulative Commission Structure Need Formula from excel g

    The $350 example would be ($250*2%) + ($100*2%) = $7

    The reason it is times 2% is because the total commission ($350) never passed the next tier of $500 so the entire $350 is based off a 2% rate.

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    Re: Need help Please setting up Cumulative Commission Structure Need Formula from excel g

    There appears to different interpretations of your tiering

    The $350 example would be ($250*2%) + ($100*2%) = $7
    This assumes there is zero commission for anything BELOW 250 and 2% applies between 250 and 499

    as opposed to:

    up to 249 (i.e 0-249) = 2%, 250-499=5% etc

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    Re: Need help Please setting up Cumulative Commission Structure Need Formula from excel g

    Yes that is correct.

    zero commission foranything BELOW 250 and 2% applies between 250 and 499.

    Can anyone offer a revised formula??

    Thanks in advanced, been stuck on this for a while so would greatly appreciate help!

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    Re: Need help Please setting up Cumulative Commission Structure Need Formula from excel g

    A
    B
    C
    D
    1
    Sales
    Comm Rate
    Delta
    2
    $0
    0%
    0%
    C2: =B2 - N(B1)
    3
    $250
    2%
    2%
    4
    $500
    5%
    3%
    5
    $750
    8%
    3%
    6
    $1,000
    11%
    3%
    7
    8
    Sales
    Commission
    9
    $0
    $0.00
    B9: =SUMPRODUCT((A9 > $A$2:$A$6) * (A9 - $A$2:$A$6) * $C$2:$C$6)
    10
    $125
    $0.00
    11
    $250
    $0.00
    12
    $300
    $1.00
    13
    $500
    $5.00
    14
    $700
    $15.00
    15
    $750
    $17.50
    16
    $900
    $29.50
    17
    $1,000
    $37.50
    18
    $2,000
    $147.50
    Entia non sunt multiplicanda sine necessitate

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