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How to create a formula 5 to 10% based on given list of price

  1. #1
    working on variable
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    How to create a formula 5 to 10% based on given list of price

    I am given a of price of cars sold by a sales agent of automobile company. I
    am to work into excel to solve this question. The commision he gets is varies
    from 5 to 10%. Can you please make a suggestion to guide me? Thanks a lot for
    your attention.


    Candy

  2. #2
    Forum Contributor
    Join Date
    12-14-2005
    Posts
    176
    This is a start:
    =IF(AND(A1>=10000,A1<=20000),A1*15%,IF(AND(A1>20000,A1<=25000),A1*10%,"Your Entry"))
    Reads as follows: If the price greater than 10000 and less than or equal to 20000 the A1 (which is the price of the car)*5%, If A1 greater than 20000 and A1 <=25000, then A1*10%.
    Select an IF Function and then select the AND function - when you close the "AND" function you will get an "ERROR MESSAGE" window - just ignore it.
    Then in the formula area put your cursor on the 1st IF statement and then, double click on the Fx icon - next to the formula box.
    You can have up to seven (7) If statements.
    If you need more than seven you might have to use a "LOOKUP" Function.

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