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Sales Commission Formula

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    Post Sales Commission Formula

    I am trying to build a spreadsheet for my sales reps for their commission but get stuck on the percentage formulas. in this specific case im looking to do the following

    15 sales is monthly quota and should be 100% of the quota each sale is paid at $50.00 each at 100% rate. if the sales rep only sells 5 they would be paid whatever the % of he $ amount is of the 15 minimum quota. now if the sell anything over the 100% minimum quota the $50.00 rate should change to reflect the increase over 100%. Any help would be greatly appreciated. Thanks

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    Re: Sales Commission Formula

    should be able to do with an IF statement , but would need to know the full rules, or attach an example spreadsheet

    something like
    =if( cell with sales quantity <15 , cell with sales quantity/15 *50 , if ( cell with sales quantity > 15 , calculate the over 100% rate, 750))
    Wayne

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    Re: Sales Commission Formula

    Try:

    Formula: copy to clipboard
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    Change the SalesQty and SalesTarget references as necessary.
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    Re: Sales Commission Formula

    im sorry but im still alittle confused ill try to explain better.

    15 is minimum sales quota (but equals 100% of their sales quota)
    if they hit 15 sales they would be paid 100% of their commission for each one which is $50.00 each.
    if they fall below that quota for example they sold 7 i would need to figure out what % that 7 is of the 15 100% quota and adjust the pay to be that % of the $50.00 ( so if it happens to be 20% they pay would adjust to be 20% of $50.00 but if they sold 150% of their quota the pay would adjust to be 150% of $50.00

    i hope this better explains what im trying to do. thank you again for your help

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    Re: Sales Commission Formula

    in your example
    6 sales would be at 40% of $50
    so 50*40% = $20
    *6 sales = $120
    and

    assuming 160%
    ie sold 24 items

    $50 * 160% = $80 per item
    24 * $80
    = $1920

    if so , then , the formula by

    OllyXLS

    is correct ?
    Last edited by etaf; 11-15-2013 at 10:33 AM.

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    Re: Sales Commission Formula

    i will try to put a spreadsheet together using that formula and see if it works. if not ill post my sheet here and hopefully you can help if you see exactly what im trying to do. thank you so much for your help

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    Re: Sales Commission Formula

    ok so i think that worked but how can i show the percentage that the commission is being paid at? i dont know how to show the spreadsheet on this post but below is just a copy and paste.


    monthly goal 15
    Commission $50.00
    sales 16

    Percentage Commission Paid At ???

    Commission $853.33
    Last edited by hitech357; 11-15-2013 at 01:23 PM.

  8. #8
    Forum Expert etaf's Avatar
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    Re: Sales Commission Formula

    sales quantity / sales target *100

    16/15
    =1.0666667
    *100

    =106.6666%

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    Re: Sales Commission Formula

    that works great just one more question when i change the cell to show percentage it shows up like this 10667% . how do i fix that to show 106%

  10. #10
    Forum Expert etaf's Avatar
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    Re: Sales Commission Formula

    dont multiply by 100 , that will fix it

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