+ Reply to Thread
Results 1 to 3 of 3

Excel 2007 : Commission Calculation

  1. #1
    Registered User
    Join Date
    07-14-2009
    Location
    San Diego, CA
    MS-Off Ver
    Excel 2007
    Posts
    2

    Commission Calculation

    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?
    Attached Files Attached Files
    Last edited by doriainsd; 07-15-2009 at 11:50 AM.

  2. #2
    Forum Guru DonkeyOte's Avatar
    Join Date
    10-22-2008
    Location
    Northumberland, UK
    MS-Off Ver
    O365
    Posts
    21,531

    re: Commission Calculation

    Welcome to the Board.

    What you have in the file already will work but you need to make a few corrections as there are a few erroneous references in place...

    D3: =D3-N(D2)
    copy down

    D14: =SUMPRODUCT(($C14>=$C$3:$C$8)*($C14-$C$3:$C$8)*$D$3:$D$8)-SUM(D$13:D13)
    copy down

    the above once corrected will generate the correct commission per sale figures in D.

  3. #3
    Registered User
    Join Date
    07-14-2009
    Location
    San Diego, CA
    MS-Off Ver
    Excel 2007
    Posts
    2

    re: Commission Calculation

    Thank you!!!!

    I have been struggling with this for 2 days. I knew I was close!

    Doria

+ Reply to Thread

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Search Engine Friendly URLs by vBSEO 3.6.0 RC 1