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Penalty / Bonus calculation based on performance

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    Post Penalty / Bonus calculation based on performance

    Hi!

    Need help in formula to calculate applicable Penalty / Bonus in below scenerio-

    Basic Data:
    Rate per unit -1000/-
    Target production: X
    Actual Production: Y

    Conditions:
    a. If Performance % Band is 95% to 110% - Penalty/Bonus will be Zero
    b. If Performance % Band is 95% to 85% - Penalty will be applicable at 10% of basic rate for 95-85% performance only
    c. If Performance % Band is 85% to 75% - Penalty will be applicable at 20% of basic rate for 85-75% + amount of b.
    d. If Performance % Band is below 75% - Penalty will be applicable at 25% of basic rate for 75% or less + amount of b. + amount of c.
    e. If Performance % Band is 110% to 120% - Bonus will be applicable at 10% of basic rate for performance of 110-120% portion
    f. If Performance % Band is 120% to 130% - Bonus will be applicable at 10% of basic rate for performance of 110-120% portion + Bonus at 20% for 120-130% portion
    g. If Performance % Band is more than 130% - Bonus will be applicable at 10% of basic rate for performance of 110-120% portion + Bonus at 20% for 120-130% portion and 25% for balance portion.


    Request your support

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    Forum Expert dflak's Avatar
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    Re: Penalty / Bonus calculation based on performance

    First, a sample workbook would help a lot. Then look at VLOOKUP with the True option.
    One spreadsheet to rule them all. One spreadsheet to find them. One spreadsheet to bring them all and at corporate, bind them.

    A picture is worth a thousand words, but a sample spreadsheet is more likely to be worked on.

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    Re: Penalty / Bonus calculation based on performance

    Ohh! Sorry for the attachment. Please find attached. I tried V-Lookup but messed up.
    Attached Files Attached Files

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    Forum Expert dflak's Avatar
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    Re: Penalty / Bonus calculation based on performance

    I took the information you had in columns L:O and put it into a table in columns Q:R. For the TRUE option to work with VLOOKUP, the data has to be sorted in ascending order (lowest to highest).

    I set up an example in Cells T4 and U4

    If VLOOKUP finds the exact value, then it behaves like it does with the FALSE option, it returns what you are looking for on the same row. For example if you are looking for the value associated with 110%, it will return the value on the row with 110%.

    However, if it does not find an exact match, it will "fall back" to the next lowest value. For example if 109% were entered, it does not find it and falls back to the next lowest value (110%) and gives you the value associated with that number.
    Attached Files Attached Files

  5. #5
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    Re: Penalty / Bonus calculation based on performance

    I wanted something else. The formula should directly yield the applicable amount of Penalty/Bonus in a designated cell.

    I tried to summarise my requirement in added rows in highlighted in Orange, Accent-2

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