Need Help Creating An IF Statement

[jjonesmii]

Here's some context to help perhaps make my goal clearer.


If my staff sells a home for under $100K, and the client is there's, then they receive a commission of 3.5% of whatever amount the home sold for under $100K.
Ex--> $100,000 home provides my staff with $3500 in commission.


If my staff sells a different home for the same price, but they're helping one of my clients, then they receive 60% of the regular commission.
Ex--> $100,000 = $2100 commission.


If my staff sells a home for over $100K, and the client is there's, then they receive a commission of 3.5% on the first $100K and 1.5% on anything thereafter.
Ex--> $250,000 = ($100,000*3.5%)+($150,000*1.5%)=$5750


If my staff sells a different home for the same price, but they're helping one of my clients, then they receive 60% of the regular commission.
Ex--> $250,000 = [($100,000*3.5%)+($150,000*1.5%)*60%]=$3450

I want to differentiate between the amount of their commission if the home was sold to my client or theirs.

Attached is the file of what I'm trying to do, what appears to be happening, and what things "should" look like.

How would you create the formula?

[6StringJazzer]

Administrative Note:

Welcome to the forum.

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[jjonesmii]

Understood. Thanks.

[Beamernsw]

Hi, this should hopefully get you sorted:

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The first IF checks for 100,000 or less and if so multiples by 3.5%, otherwise it subtracts the 100,000 from the sale price and multiplies that by 1.5% and adds 3500 for the first 100,000.
The second IF checks for Y or N in column E and multiplies the result from the first IF by either 0.6 or 1.

[Sam Capricci]

You have column E that contains either Y or N, my formula assumes that N indicates it is their listing and Y indicates it is someone else's listing that they sold.
here is my attempt....
=IF(AND(E8="n",D8< 100000),D8*0.035,IF(AND(E8="n",D8>99999.99),3500+((D8-100000)*0.015),IF(AND(E8="y",D8< 100000),D8*0.021,IF(AND(E8="y",D8>99999.99),2100+((D8-100000)*0.009),""))))
though I believe it gives you the same results as Beamernsw's formula which is much less clunky than mine.

[jjonesmii]

Works Perfectly! Thank you!

[AliGW]

If that takes care of your original question, please select Thread Tools from the menu link above and mark this thread as SOLVED.

Next time you start a thread, please use the title to explain what you are trying to do (i.e. an IF statement to do what?). Thanks.