bobitici

New Member
Joined
Mar 2, 2018
Messages
1
Hello I am trying to create an excel table to calculate a commission structure.

Here is the structure that I am working with:


£0k to £9k0%£0.00
£9k - £2999910%£2,100.00
£30k - £4499915%£2,250.00
£45k - £5999920%£3,000.00
£60k+25%
uncapped


<colgroup><col span="3"><col></colgroup><tbody>
</tbody>

The difficulty that I am finding is because anything from 0£ to £9000 gives 0% commission. Then anything value billed from £9000 to £29999 will give a commission of 10%, etc.

So for example if £34k is billed this would give a commission of £0 + £2100 + £600 = £2700 total.

Can anyone give me the formula that I should use that would mean just entering a value in a cell, and it being calculated automatically?

Thanks in advance!
 

Special-K99

Well-known Member
Joined
Nov 7, 2006
Messages
8,327
I havent worked on this sort of thing in Excel before but try searching on the forum or Googling for "Tiered commission" or "Tiered structure"
 
Last edited:

cunningAce

Board Regular
Joined
Dec 21, 2017
Messages
86
Try this formula,

Sales Total in F1
Lower sales boundaries = A2:A6
Upper sales boundaries = B2:B6
Commission %'s = C2:36

=(MAX(0,(MIN(B2,$F$1)-A2))*C2)+(MAX(0,(MIN(B3,$F$1)-A3))*C3)+(MAX(0,(MIN(B4,$F$1)-A4))*C4)+(MAX(0,(MIN(B5,$F$1)-A5))*C5)+(MAX(0,(MIN(B6,$F$1)-A6))*C6)
 

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