Go Premium for a chance to win a PS4. Enter to Win

x
?
Solved

Excel formula for commissions

Posted on 2012-04-02
6
Medium Priority
?
412 Views
Last Modified: 2012-04-02
Experts, I had a similar questions a few months ago, I think this falls right in line with it: I have a table:

Cost                             Amount of Commission
$0.01 - $0.69                      4%
$0.70 - $2.50                      4%
$2.51 - $11.99                   3.5%
$12.00 - $49.99                  3%
$50.00 - $99.99                  3%
$100 - $149.99                  2.5%
$150 - $229.99                  2.25%
$230 x $299.99                  2%
$300 - $399.99                  1.5%
$400 - $999.99                  1.25%
$1000 - Up                          1%

There are 3 columns amount, this is the price of the item
quantity how many of that item the sold then I need the commission  so  
A             B          C
2.00         6          %

Thanks
0
Comment
Question by:padillrr
  • 3
  • 2
6 Comments
 
LVL 42

Expert Comment

by:dlmille
ID: 37799137
See attached. You only need use vlookup(value of Qty * Price, Table, 3) to return the commission value, where the table has:

LOW  HIGH   COMMISSION
.01    .69        4%
etc...

Dave
commission-r1.xls
0
 
LVL 43

Assisted Solution

by:Saqib Husain, Syed
Saqib Husain, Syed earned 600 total points
ID: 37799150
Check out this file which uses vlookup
Commission.xlsx
0
 

Author Comment

by:padillrr
ID: 37799212
I'm sorry not sure what these spreadsheets demonstrate, or what I'm supposed to do with a vlookup.  I have a formula created here that does some real nice math for me =IF(L2<0.7,L2+0.78,L2*INDEX({1.25,1.3,1.4,1.45,1.5,1.65,1.8,1.85,1.9,1.95,2},MATCH(L2,{99999,1999.99,999.99,399.99,299.99,229.99,149.99,99.99,49.99,11.99,2.5},-1)))

This does a checks a price range and then multiplies it by a certain amount to come up with another price, very cool. I've tried to modify this so it will do what I need but I can't figure it out. Maybe it will help.
0
What is SQL Server and how does it work?

The purpose of this paper is to provide you background on SQL Server. It’s your self-study guide for learning fundamentals. It includes both the history of SQL and its technical basics. Concepts and definitions will form the solid foundation of your future DBA expertise.

 
LVL 42

Expert Comment

by:dlmille
ID: 37799221
All you need to do is use the vlookup that was provided.  See the attached worksheet.  The table that has been created provides all the logic that is needed.  You only need to do a vlookup against it to get the commission:

E.g.,

=Vlookup(valueToFind,Table,3) to get the commission.

This is much less sophisticated than the IF/INDEX/MATCH approach.

See attached again.  Please ask questions for clarification
commission-r1.xls
0
 
LVL 42

Accepted Solution

by:
dlmille earned 1400 total points
ID: 37799225
PS - if you want to put it all in one "neat" formula, this one's simpler:

=VLOOKUP(A2*B2,{0.01,0.69,0.04;0.7,2.5,0.04;2.51,11.99,0.035;12,49.99,0.03;50,99.99,0.03;100,149.99,0.025;150,229.99,0.0225;230,299.99,0.02;300,399.99,0.015;400,999.99,0.0125;1000,"UP",0.01},3)

Where A2 is your quantity and B2 is the cost.  The result will be the commission rate.

Dave
0
 

Author Closing Comment

by:padillrr
ID: 37799393
Thanks Guys real quick and worked like a charm!
0

Featured Post

[Webinar] Cloud Security

In this webinar you will learn:

-Why existing firewall and DMZ architectures are not suited for securing cloud applications
-How to make your enterprise “Cloud Ready”, and fix your aging DMZ architecture
-How to transform your enterprise and become a Cloud Enabler

Question has a verified solution.

If you are experiencing a similar issue, please ask a related question

This article descibes how to create a connection between Excel and SAP and how to move data from Excel to SAP or the other way around.
Do you use a spreadsheet like Microsoft's Excel?  Have you ever wanted to link out to a non excel file on your computer or network drive?  This is the way I found to do it!
This Micro Tutorial will demonstrate on a Mac how to change the sort order for chart legend values and decrpyt the intimidating chart menu.
This Micro Tutorial will demonstrate how to use longer labels with horizontal bar charts instead of the vertical column chart.

916 members asked questions and received personalized solutions in the past 7 days.

Join the community of 500,000 technology professionals and ask your questions.

Join & Ask a Question