Solved

Need Excel Graduated Commission Formula

Posted on 2014-09-30
6
285 Views
Last Modified: 2014-10-04
I have a graduated commission schedule table (excel attached).  I am trying to figure out a formula to calculate the colored sections to show how this would effect commission payments for the company and sales agent.

Any help would be greatly appreciated :)


Thanks in advance.
Commission-Split-Comparison-EDIT-EE.xlsx
0
Comment
Question by:DEBROCKE
6 Comments
 
LVL 26

Expert Comment

by:ProfessorJimJam
ID: 40352505
perhaps if you want to learn it, how you can do it by yourself then here is a good explanation

can be done using SUMPRODUCT

http://www.mcgimpsey.com/excel/variablerate.html
0
 

Author Comment

by:DEBROCKE
ID: 40352552
Thanks.  I will take a look.  Just looking for a quicker solution right now.  

I was using a long IF statement (like below) and editing the formula for each cell I need it.  But doing something wrong.  If any expert can help, it would greatly be appreciated.

=IF(E17>B12,(E17-B12)*C13,0)
+IF(E17>B11,(MIN(E17,B12)-B11)*C12,0)
+IF(E17>B10,(MIN(E17,B11)-B10)*C11,0)
+IF(E17>B9,(MIN(E17,B10)-B9)*C10,0)
+IF(E17>B8,(MIN(E17,B9)-B8)*C9,0)
+IF(E17>B7,(MIN(E17,B8)-B7)*C8,0)
+IF(E17>B6,(MIN(E17,B7)-B6)*C7,0)
+IF(E17>B5,(MIN(E17,B6)-B5)*C6,0)
+MIN(E17,B5)*C5
0
 
LVL 27

Accepted Solution

by:
Glenn Ray earned 500 total points
ID: 40352628
You've actually set up a very good table with the AGC schedule on top that will allow you to use a VLOOKUP to return the correct percentages and therefore the dollar amounts.

Enter these functions in the cells indicated and copy down:
F17:  =E17*VLOOKUP(E17,$A$5:$D$13,3,TRUE)
G17:  =E17*VLOOKUP(E17,$A$5:$D$13,4,TRUE)

This is doing a approximate match lookup of the AGC amount in column E against the values in A5:A13.  Because your values are sorted, it returns the percentage on the same row as the value less than or equal to the AGC amount.

Modified file attached.

Regards,
-Glenn
EE-Commission-Split-Comparison-EDIT.xlsx
0
Free Tool: IP Lookup

Get more info about an IP address or domain name, such as organization, abuse contacts and geolocation.

One of a set of tools we are providing to everyone as a way of saying thank you for being a part of the community.

 

Author Comment

by:DEBROCKE
ID: 40352962
Thank you, the VLOOKUP worked for me.  I modified it slight to generate what I wanted as I didn't explain it perfectly.  For future people, here is the modified table I used.
Commission-Split-Comparison-EDIT-UPDATE.
0
 
LVL 27

Expert Comment

by:Glenn Ray
ID: 40352982
Sorry I didn't catch that (about the Company $ amounts), but glad I could help.

I recommend using absolute cell references for some of your formulas so that it will be easier to duplicate and add new ones.  For example:
D17:  =B17*$B$2

Also, you can make your formula in column E more consistent by summing up an expanding range:
E17: =SUM($D$17:D17)

Regards,
-Glenn
0
 

Expert Comment

by:Berry Metzger
ID: 40361211
@DEBROCKE


I believe your formulas in F17:F22 are incorrect. The first two formulas are identical as follows...
 F17: =D17*VLOOKUP(E17,$A$5:$D$13,3,TRUE)
 F18: =D17*VLOOKUP(E17,$A$5:$D$13,3,TRUE)  where it should be: =D17*VLOOKUP(E18,$A$5:$D$13,3,TRUE)
 ...and so the one-row reference mistake continues for the remainder of the range.
 Berry
0

Featured Post

Free Tool: Port Scanner

Check which ports are open to the outside world. Helps make sure that your firewall rules are working as intended.

One of a set of tools we are providing to everyone as a way of saying thank you for being a part of the community.

Question has a verified solution.

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

Introduction This Article briefly covers methods of calculating the NPV and IRR variants in Excel as well as the limitations in calculating and interpreting IRR results. Paraphrasing Richard Shockley, author of my favourite finance reference tex…
Some code to ensure data integrity when using macros within Excel. Also included code that helps secure your data within an Excel workbook.
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…
This Micro Tutorial will demonstrate on a Mac how to change the sort order for chart legend values and decrpyt the intimidating chart menu.

830 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