Varied rates of commission spreadsheet, please help!

Jaminator

New Member
Joined
Jun 20, 2018
Messages
2
Hi,

First time i have signed up to a forum, I can't seem to find an answer online, and have spent hours trying to figure this out. I need a spreadsheet that calculates varied rates of commission.

If a sales person bills £45,000 (above a target threshold), they will be paid on the following:

5% commission on first £5,000
10% commission on next £5,000
20% commission on next £10,000
30% commission on next £20,000
40% commission on remaining (so 40% on £5,000 in this example)

*These rates are set, if you bill £100 or £100,000 above TH*

So if someone bills £100 above TH, they earn £5. If someone bills £45,000, they earn £10,750

I thought this would be simple at first, and had a basic spreadsheet working for my £45,000. Then i tried different figures, and well, it was so wrong, not even close, I just can't get a formula that works :(

If anyone could help, I will be forever in your debt!

Thank you

Jack
 

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Excel 2010
ABCDEFG
1Amount a100.005.00BracketsRatesDelta
2Amount b45,000.0010,750.0005%5%
35,00010%5%
410,00020%10%
520,00030%10%
640,00040%10%
1bb
Cell Formulas
RangeFormula
C1=SUMPRODUCT(--(B1>rB),B1-rB,rDelta)
C2=SUMPRODUCT(--(B2>rB),B2-rB,rDelta)
G2=F2-N(F1)
Named Ranges
NameRefers ToCells
Delta='1b'!$F$3:$F$6
rB='1bb'!$E$2:$E$6
rDelta='1bb'!$G$2:$G$6
 
Upvote 0
Thank you! Dont really understand what is going on there. I got one to work with, 'if' and 'max' in the end, trial and error, this looks more efficient, Thanks!
 
Upvote 0

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