I am sure I am missing something really simple or maybe I'm not, but I just cant get this to work.
We institued a new comp plan for our sales people. They have a tiered commission plan and as they meet each level the higher their commission rate. My problem is taking into account when they are between levels.
This is the schedule:
Pct Quota Comm Amt Delta
0% 0.50% $- 0.50%
20% 0.75% $10,000 0.25%
40% 1.00% $20,000 0.25%
60% 1.25% $30,000 0.25%
80% 1.50% $40,000 0.25%
100% 2.00% $50,000 0.50%
When we changed to this program I had an employee that had sold $7680.
So when you calculate her commission on a new sale of $30,000 she should receive $28,260.
10,000-7,680=2320*.5=1160
10000*.75=7500
10000*1.0=10000
7680*1.25=9600
Total Commission 28260
Can someone look at the attached and tell me what I am doing wrong?
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