Commission Calc

Welsh Mark3

Board Regular
Joined
Apr 7, 2014
Messages
164
Office Version
  1. 365
I've read through lots of similar posts but they don't all seem to reflect what I'm trying to do. I'm building trying to build a sheet that calculates commission based on sales for a given month. Cell d2 would have monthly sales target, Cell E2 would have the sales result in F2 I would like to put the formula.

The model is as follows
  • 15% commission of all revenue between 0% and 100% of monthly target only when 50% of monthly target is achieved. No commission is paid unless 50% of monthly target is achieved.
  • 30% commission on all revenue between 100% and 150% of monthly target
  • 35% commission paid on revenue above 150% of monthly target.
Appreciate your help
 

Excel Facts

Repeat Last Command
Pressing F4 adds dollar signs when editing a formula. When not editing, F4 repeats last command.
Maybe

Pasta2
DEFGHIJK
1TargetSalesCommissionSales/TargetCommissionMarginal Commission
2100400015%15%
3100609130%15%
4100100151,535%5%
510012021
610016033,5
718022039
818030064,5
918010015
10
Plan2
Cell Formulas
RangeFormula
J2:J4J2=I2-N(I1)
F2:F9F2=IF(E2/D2<0.5,0,SUMPRODUCT(--(E2/D2>H$2:H$4),E2-(H$2:H$4*D2),J$2:J$4))


Hope this helps

M.
 
Upvote 0

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