tiered formula help!

[tech321]

• Im trying to create a formula with the following parameters:
  
  lets say you have: 1,000,000,000:
  
  and you get:
  
  $1K for each $1mm (Gross) up to $50mm
  $0.75K for each $1mm (Gross) from $51-$150mm
  $0.5k for each $1mm (Gross) from $151-$500mm
  $0.2k for each $1mm (Gross) from $501mm-$750mm
  $0.1k for each $1mm (Gross) thereafter - NO CAP
  
  what would be the formula to see how much the 1,000,000,000 gets?
  
  please help!​
  
  
  
  

 

[Fluff]

Cross posted https://www.excelforum.com/excel-formulas-and-functions/1268596-tiered-formula.html

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[tech321]

im sorry, i didnt know that the 2 sites were linked! apologies!