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

x
?
Solved

Graduated Commission Calculation

Posted on 2013-01-19
3
Medium Priority
?
2,340 Views
Last Modified: 2013-01-19
The attached spreadsheet shows a simple declining rate commission table.

I just need to know a formula for how to calculate the commission based on the tiered rates in the table. I've included an example result on the spreadsheet.

Thanks in advance!
Commission-Calc.xls
0
Comment
Question by:Tim Jackoboice
  • 2
3 Comments
 
LVL 26

Accepted Solution

by:
redmondb earned 2000 total points
ID: 38797783
Hi, Cactus1994.

A long-winded answer...
=IF(B1>B7,(B1-B7)*C8,0)+IF(B1>B6,(MIN(B1,B7)-B6)*C7,0)+IF(B1>B5,(MIN(B1,B6)-B5)*C6,0)+MIN(B1,B5)*C5
...which could be siplified if it could be guaranteed that B4 and B9 were empty.

Regards,
Brian.
0
 

Author Closing Comment

by:Tim Jackoboice
ID: 38797804
Hi Brian:

Long-winded, but dead on ... and exactly what I needed!

Thanks.
0
 
LVL 26

Expert Comment

by:redmondb
ID: 38797808
Thanks, Cactus1994.

The attached is a shorter, but more complicated array-entered formula...
=SUM(IF(B1>B4:B7,(IF(B1<B5:B8,B1,B5:B8)-B4:B7)*C5:C8,0))

This formula makes it much easier to increase/decrease the table's entries. It requires a small hack in that B4 appears to be a string ("But Not Over") but is actually zero - the string is actually a custom number format.

Please feel free to post here any queries on either formula.

Regards,
Brian.
Commission-Calc-V2.xls
0

Featured Post

Concerto Cloud for Software Providers & ISVs

Can Concerto Cloud Services help you focus on evolving your application offerings, while delivering the best cloud experience to your customers? From DevOps to revenue models and customer support, the answer is yes!

Learn how Concerto can help you.

Question has a verified solution.

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

You need to know the location of the Office templates folder, so that when you create new templates, they are saved to that location, and thus are available for selection when creating new documents.  The steps to find the Templates folder path are …
Access developers frequently have requirements to interact with Excel (import from or output to) in their applications.  You might be able to accomplish this with the TransferSpreadsheet and OutputTo methods, but in this series of articles I will di…
The viewer will learn how to use a discrete random variable to simulate the return on an investment over a period of years, create a Monte Carlo simulation using the discrete random variable, and create a graph to represent the possible returns over…
Excel styles will make formatting consistent and let you apply and change formatting faster. In this tutorial, you'll learn how to use Excel's built-in styles, how to modify styles, and how to create your own. You'll also learn how to use your custo…

886 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