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Cumulative tiered commission with no quota

  1. #1
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    Cumulative tiered commission with no quota

    Hi there, i need some help calculating tiered cumulative commission structures. I saw alot of help online but many workbooks contain quotas.
    and i am unsure how to proceed.

    Basically i need to calculate the monthly comms where there are 3 tiers.

    $3001 - $10,000 = 60% comms
    $10,001 - $15,000 = 70% comms
    $15,001 and above = 80% comms.

    so if someone made $20,000 , the payout shd technically be something like this

    [(10k - 3k) * 60% ] + [ (15k - 10k) * 70% ] + [ (20k-15k) * 80% ] = $11,700

    is there a simple table that i can input daily sales to calculate this? and also to edit the % commission if i wanted to.

    i did try other formulas that i saw online but they dont give me the flexibility of changing the commission payout

    for example if i wanted to change it to this

    $3001 - $10,000 = 10% comms
    $10,001 - $15,000 = 10% comms
    $15,001 and above = 15% comms.

    pls help !

  2. #2
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    Re: Cumulative tiered commission with no quota

    See if this gets you anywhere close. It checks out against your 1 example.

    It's a quick adaptation of something I did to lookup in tax tables!
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