formula

sureyan

New Member
Joined
Aug 1, 2007
Messages
1
how can i make a formula from the next statement
the publisher pay 16.25% of next sales toward bonus, but if the net sales surpasses $5000 they must pay additional 500.00 on top of the %.

any body can help me with that how can i make a formula to resolve this problem


sureyan
 

Excel Facts

How to calculate loan payments in Excel?
Use the PMT function: =PMT(5%/12,60,-25000) is for a $25,000 loan, 5% annual interest, 60 month loan.

Scott Huish

MrExcel MVP
Joined
Mar 17, 2004
Messages
19,958
Office Version
  1. 365
  2. 2010
Platform
  1. Windows
Hi, welcome to the board!

Try this:
Code:
=(A1*0.1625)+(500*(A1>5000))
 

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