I am trying to prepare a worksheet that will calculate my monthly commissions, which are dependant upon a cumulative graded scale. So for the first 25,000 in dollars paid, the commissions would be at 5%. The second 10,000 in dollars paid, the commissions would be at 3.5%. For the next 15,000 in dollars paid, the commissions would be at 2.75% and all dollars after that would be at 2% commissions. So, in the below example, the first month generates 35,000 of monthly dollars, which would results in 25,000*5% + 10,000*3.5%. The second month would be 15,000*2.75% + 20,000*.2%. All other months would then be at 2%.
Another example would be if the monthly dollars paid were 20,000.....the first month's comm would be 20,000*5%. The second month's commissions would be 5,000*5% + 10,000*3.5% + 5,000*2.75%. The third month would be 10,000*2.75% + 10,000*2%. All other months would then be at the 2%.
Ideally, I would like one formula and could avoid "helper columns" but I can't figure out how to keep cumulative totals and multiple the ramainders by the appropriate %.
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Another example would be if the monthly dollars paid were 20,000.....the first month's comm would be 20,000*5%. The second month's commissions would be 5,000*5% + 10,000*3.5% + 5,000*2.75%. The third month would be 10,000*2.75% + 10,000*2%. All other months would then be at the 2%.
Ideally, I would like one formula and could avoid "helper columns" but I can't figure out how to keep cumulative totals and multiple the ramainders by the appropriate %.
Annual Dollars paid | 420,000 | |
Monthly Dollars Paid | Monthly Comm | |
Month1 | 35,000 | |
Month2 | 35,000 | |
Month3 | 35,000 | |
Month4 | 35,000 | |
Month5 | 35,000 | |
Month6 | 35,000 | |
Month7 | 35,000 | |
Month8 | 35,000 | |
Month9 | 35,000 | |
Month10 | 35,000 | |
Month11 | 35,000 | |
Month12 | 35,000 | |
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