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Excel formula for commissions

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
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padillrr
Asked:
padillrr
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2 Solutions
 
dlmilleCommented:
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
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Saqib Husain, SyedEngineerCommented:
Check out this file which uses vlookup
Commission.xlsx
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padillrrProject CoordinatorAuthor Commented:
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.
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dlmilleCommented:
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
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dlmilleCommented:
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
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padillrrProject CoordinatorAuthor Commented:
Thanks Guys real quick and worked like a charm!
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