I am sorry if this question has been answered in the thread, Multiple Tiered Calculations, or another thread, but they are so complex, it is difficult for me to follow to know if they will help me.
It seems I have a comparatively simple calculation, but it's too hard for me with my limited knowledge of advanced Excel functions.
The Company keeps a percentage of each sale depending on the category (pre-existing customer or new customer), and depending on the Company's cumulative share of commissions year-to-date.
I have manually calculated what I think are the correct amounts in the mini-table, based on the tiered commission structure shown in the mini-sheet and the two categories, 1 and 2.
But I think there might be a SUMPRODUCT, or other EXCEL function, to calculate the correct commission for each sale, so I have created a column where the formula might go.
Thank you for taking a look and hopefully providing a solution.
Best wishes,
Michael
It seems I have a comparatively simple calculation, but it's too hard for me with my limited knowledge of advanced Excel functions.
The Company keeps a percentage of each sale depending on the category (pre-existing customer or new customer), and depending on the Company's cumulative share of commissions year-to-date.
I have manually calculated what I think are the correct amounts in the mini-table, based on the tiered commission structure shown in the mini-sheet and the two categories, 1 and 2.
But I think there might be a SUMPRODUCT, or other EXCEL function, to calculate the correct commission for each sale, so I have created a column where the formula might go.
Thank you for taking a look and hopefully providing a solution.
Best wishes,
Michael
SUMPRODUCT.xlsx | ||||||||
---|---|---|---|---|---|---|---|---|
A | B | C | D | E | F | |||
1 | Commission | Company Share of Commission Manually Calculated | Cumulative | Formula? | Category | |||
2 | 65,000.00 | 26,000.00 | 26,000.00 | SUMPRODUCT? | 2 | .4*65000 | ||
3 | 60,000.00 | 18,000.00 | 44,000.00 | SUMPRODUCT? | 1 | .3*60000 | ||
4 | 75,000.00 | 30,000.00 | 74,000.00 | SUMPRODUCT? | 2 | .4*75000 | ||
5 | 85,000.00 | 22,333.33 | 96,333.33 | SUMPRODUCT? | 1 | 16000/0.3=53333.33*.3 + 31666.67*.2 | ||
6 | 80,000.00 | 24,000.00 | 120,333.33 | SUMPRODUCT? | 2 | .3*80000 | ||
7 | 100,000.00 | 29,889.09 | 150,222.42 | SUMPRODUCT? | 2 | 29666.67/.3=99998.9*.3 + 1111.1*.2 | ||
8 | ||||||||
9 | ||||||||
10 | Tier Start | Tier End | Category 1 | Category 2 | ||||
11 | 0 | 90000 | 30% | 40% | ||||
12 | 90000 | 150000 | 20% | 30% | ||||
13 | 150000 | 20% | 20% | |||||
Sheet1 |
Cell Formulas | ||
---|---|---|
Range | Formula | |
B2,B4 | B2 | =A2*$D$11 |
C2:C7 | C2 | =SUM($B$2:B2) |
B3 | B3 | =A3*$C$11 |
B5 | B5 | =16000+$C$12*(A5-(16000/0.3)) |
B6 | B6 | =A6*$D$12 |
B7 | B7 | =29666.67/0.3*$D$12+$D$13*(A7-(29666.37/0.3)) |