phillexcel
New Member
- Joined
- Aug 5, 2014
- Messages
- 31
Value in Column N
If the value in column N equals the below I need the calculated fee to appear in Column O
These are tiered rates, the first 2 bandings are flat rates, the rest are percentage based.
Value and Fee
£1-£50,000 = £1250
£50,001 - £100,000 = £1500
£100,001 - £125,000 = 1.75%
£125,001 - £150,000 = 1.5%
£150,001 - £200,000 = 1.25%
£200,001 - £250,000 = 0.75%
£250,001 - £300,000 = 0.50%
£300,001 - £400,000 = 0.25%
£400,001 + = 1%
I’m struggling to get this formula, the formula I’ve got in Column O2 at the moment is:
=N2*LOOKUP(N2,{100001,125001,150001,200001,250001,300001,400001},{0.0175,0.015,0.0125,0.0075,0.005,0.0025,0.01})
This sorts the problem with percentage fees but I can’t figure out how to get those flat fees for the lower values into the formula, please can someone help?
If the value in column N equals the below I need the calculated fee to appear in Column O
These are tiered rates, the first 2 bandings are flat rates, the rest are percentage based.
Value and Fee
£1-£50,000 = £1250
£50,001 - £100,000 = £1500
£100,001 - £125,000 = 1.75%
£125,001 - £150,000 = 1.5%
£150,001 - £200,000 = 1.25%
£200,001 - £250,000 = 0.75%
£250,001 - £300,000 = 0.50%
£300,001 - £400,000 = 0.25%
£400,001 + = 1%
I’m struggling to get this formula, the formula I’ve got in Column O2 at the moment is:
=N2*LOOKUP(N2,{100001,125001,150001,200001,250001,300001,400001},{0.0175,0.015,0.0125,0.0075,0.005,0.0025,0.01})
This sorts the problem with percentage fees but I can’t figure out how to get those flat fees for the lower values into the formula, please can someone help?