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IF function to increase rate question regarding logic

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    IF function to increase rate question regarding logic

    In attempting to calculate percentage rate based on total sales of an individual using =IF(EmployeeTotalSales<=ToAmount,32%,BATier1Rate) I realized a logic issue because if the first sale of an individual was over the ToAmount which is $125.00, lets say $300.00, how would that calculate $0.00 - $125.00 (32%) + $125.01-$300.00 (BATier1Rate) which is 40%? Is a sum if function needed? I hope I have explained adequately.

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    Forum Expert JBeaucaire's Avatar
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    Re: IF function to increase rate question regarding logic

    This formula is a bit difficult to explain...

    Commission sample
    http://www.excelforum.com/attachment...ple-tiers-.xls

    Here's a sample file that shows you an example of complex vs simple TIERED commission structures, looks like you want the complex one:
    Complex vs Simple percentage techniques


    Search the FILES page linked above for CommissionStructures(ComplexvsSimpleTiers).xls
    Last edited by JBeaucaire; 12-27-2019 at 05:05 AM.
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    Forum Expert martindwilson's Avatar
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    Re: IF function to increase rate question regarding logic

    maybe
    =MIN(A1,250)*32%+MAX(A1-250,0)*40%
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    Re: IF function to increase rate question regarding logic

    Thank you Jerry for the file and the fast response. It helps me to better understand the logic. It's just what I needed.

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    Talking Re: IF function to increase rate question regarding logic

    Wow Martin, I plugged your formula in and it worked like a charm. I can see many uses for the MIN and MAX functions. Thank you so much for expanding my knowledge on MIN and Max.

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