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help with a formula for working out commission earned...

  1. #1
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    10-25-2006
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    help with a formula for working out commission earned...

    I'm trying to create a simple spreadsheet for my sales people so that they can work out how much commision they've earned, by inputting the money they've brought in, but I just can't figure out how to do it, despite spending days on it!

    For example:

    If they bring in anything up to £3500 - then they get 0% commission.
    If they bring in £3501 - £6000, they get 7.5% comm
    If they bring in £6001 - £8000, they get 16% comm
    If they bring in £8001+, they get 25%
    etc

    E.g. If they brought in £6500 that month, then their commission would be worked out as follows:

    (they would get 0% on the first £3500, as above)
    £2499 x 7.5% = £187
    £500 x 16% = £80
    So their total commission for that month would be £267

    If they brought in £8000 then it's worked out as follows:
    £2499 x 7.5% = £187
    £2000 x 16% = £320
    = £507 total commission for that month.

    How do I create an 'IF' formula in one cell that works out the commission earned, when the commission structure is split into different levels? Is this even possible?!

    Any help would be greatly appreciated,

    Neil.

  2. #2
    Forum Expert
    Join Date
    03-23-2004
    Location
    London, England
    MS-Off Ver
    Excel 2019
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    7,064
    How about this?

    Salesman's figure is in A1

    Column B is number of 7.5% units
    Column C is number of 16% units
    Column D is number of 25% units

    in B1 enter

    =IF(A1<3501,0,(IF(A1>6000,2500,A1-3500)))

    in C1 enter

    =IF(A1<6001,0,(IF(A1>8000,2000,A1-6000)))

    in D1 enter

    =IF(A1<8001,0,A1-8000)

    Then in E1 a total of the %s

    =B1*7.5/100+C1*16/100+D1*25/100


    P.S. I think your calculation is out, it should be 2500 not 2499
    Regards
    Special-K

    Ensure you describe your problem clearly, I have little time available to solve these problems and do not appreciate numerous changes to them.

  3. #3
    Forum Contributor
    Join Date
    06-21-2005
    Location
    Cambridge, England
    Posts
    118
    or a single formula in a single cell could be something like

    =(IF(A1<=3501,0,MIN(A1-3501,2499))*0.075)+(IF(A1<6001,0,MIN(A1-6001,1999))*0.16)+(IF(A1<8001,0,A1-8001)*0.25)

    R

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