Hi All,
I'm preparing a sales bonus spreadsheet but am having a little trouble with the syntax of having multiple formulas in my formula. I'm calculating the bonus our reps will get based on the percentage of growth on their account totals from 1 year to the next.
Here's what I'm ultimately trying to do:
Bonus levels:
3% growth = 5% of the net growth amount ($1000 growth=$50 bonus)
5% growth = 7.5% of the net growth amount ($1,000 growth=$75 bonus)
7% growth = 9% of the net growth amount ($1,000 growth= $90 bonus)
10% growth = 15% of the net growth amount ($1,000 growth=$150 bonus)
15% growth = 20% of the net growth amount ($1,000 growth=$200 bonus) <!--EndFragment-->
I've accomplished the first growth calculation in the results cell with the following:
IF(AND(F6>0.03=TRUE,F6<0.05=TRUE)*((E6-D6)*0.05),0)
But I need to perform the other calculations as well...where do I add the additional calculations in the above formula? ie., F6>0.05=TRUE,F6<0.07=TRUE)*((E6-D6)*0.0750
F6>0.07=TRUE,F6<0.10=TRUE)*((E6-D6)*0.09
F6>0.10=TRUE,F6<0.15=TRUE)*((E6-D6)*0.15
IF(F6>=0.15,((E6-D6)*0.20)
Thanks!
I'm preparing a sales bonus spreadsheet but am having a little trouble with the syntax of having multiple formulas in my formula. I'm calculating the bonus our reps will get based on the percentage of growth on their account totals from 1 year to the next.
Here's what I'm ultimately trying to do:
Bonus levels:
3% growth = 5% of the net growth amount ($1000 growth=$50 bonus)
5% growth = 7.5% of the net growth amount ($1,000 growth=$75 bonus)
7% growth = 9% of the net growth amount ($1,000 growth= $90 bonus)
10% growth = 15% of the net growth amount ($1,000 growth=$150 bonus)
15% growth = 20% of the net growth amount ($1,000 growth=$200 bonus) <!--EndFragment-->
I've accomplished the first growth calculation in the results cell with the following:
IF(AND(F6>0.03=TRUE,F6<0.05=TRUE)*((E6-D6)*0.05),0)
But I need to perform the other calculations as well...where do I add the additional calculations in the above formula? ie., F6>0.05=TRUE,F6<0.07=TRUE)*((E6-D6)*0.0750
F6>0.07=TRUE,F6<0.10=TRUE)*((E6-D6)*0.09
F6>0.10=TRUE,F6<0.15=TRUE)*((E6-D6)*0.15
IF(F6>=0.15,((E6-D6)*0.20)
Thanks!