Need a tier based commission calculating formula

Jmatt856

New Member
Joined
Oct 12, 2018
Messages
3
For a company, a salesperson gets paid the following way entirely in commission:

11% on all sales up to $100,000
12% on all sales $100,001 - 175,000
13% on all sales $175,001 - 250,000
14% on all sales $250,001 - 375,000
15% on all sales $375,001+
 

Excel Facts

Show numbers in thousands?
Use a custom number format of #,##0,K. Each comma after the final 0 will divide the displayed number by another thousand
if your data stands in columns ( A for amount, B for commision ) see the use of VlookUp
 
Upvote 0
Here is one way:
Code:
=(MIN(A1,100000)*11%)
+(MAX((MIN(A1,175000)-100000),0)*12%)
+(MAX((MIN(A1,250000)-175000),0)*13%)
+(MAX((MIN(A1,375000)-250000),0)*14%)
+(MAX(A1-375000,0)*15%)
(I put it on multiple lines just to make easier to read and follow along)
 
Upvote 0
Slightly different way (I could put it all in one formula but easier to adapt in the future with a table)


Book1
ABCDEF
1ThresholdMarginMargin diffSalesComm
2011%11%19000021950
310000012%1%
417500013%1%
525000014%1%
637500015%1%
Sheet1
Cell Formulas
RangeFormula
F2=SUMPRODUCT(--(E2>$A$2:$A$6),(E2-$A$2:$A$6), $C$2:$C$6)
C2=B2
C3=B3-B2
C4=B4-B3
C5=B5-B4
C6=B6-B5
 
Upvote 0

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