greater than or equal formula

steve daddario

New Member
Joined
Jun 9, 2011
Messages
13
Hello,

Im trying to figure out how I can set up a formula so that when a planned target profit is reached i can add a 10% bonus to that persons salary. For example, in Q1 planned sales were $87500 and Actual was $100000. How could i make a formula to calculate that this is greter than or equal to our Planned sales and that the manager whose salary is 50000 gets a 10% bonus. I know it is confusing but any ideas.

Thanks for the help.
 

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Hello,

Im trying to figure out how I can set up a formula so that when a planned target profit is reached i can add a 10% bonus to that persons salary. For example, in Q1 planned sales were $87500 and Actual was $100000. How could i make a formula to calculate that this is greter than or equal to our Planned sales and that the manager whose salary is 50000 gets a 10% bonus. I know it is confusing but any ideas.

Thanks for the help.

10% of what: 50000, 100000, or 100000-87500?
 
Upvote 0
10% of the 50000 which is the managers salary so he would recice a 5000 dollar bonus. let me know if you have any more questions
 
Upvote 0
Hello,

Im trying to figure out how I can set up a formula so that when a planned target profit is reached i can add a 10% bonus to that persons salary. For example, in Q1 planned sales were $87500 and Actual was $100000. How could i make a formula to calculate that this is greter than or equal to our Planned sales and that the manager whose salary is 50000 gets a 10% bonus. I know it is confusing but any ideas.

Thanks for the help.
Try this...

A2 = 87500
B2 = 100000
C2 = 50000

Formula entered in D2:

=(B2>=A2)*(0.1*C2)
 
Upvote 0
10% of the 50000 which is the managers salary so he would recice a 5000 dollar bonus. let me know if you have any more questions

Put in a generic way...

=IF(ActualSales>=PlannedSales,BONUSp*Salary,0)

where BONUSp is a name given to a cell housing 10%, the bonus spec.
 
Upvote 0

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