Sliding scale commission formula

airnitta

New Member
Joined
Mar 10, 2019
Messages
2
Hi all,
I am not an advanced user of Excel by any means and am struggling to create a formula for calculating sliding scale sales commissions.
I'm the manager of a real estate office and require a formula to assist with automatically calculating the commission payable to an agent based on their sale figures below:


Salesperson 1
Nett Commission IncomeConsultant Split
Tier 1: $0 to $100,00045%
Tier 2: >$100,000 to $200,00050%
Tier 3: >$200,000 to $250,00055%
Tier 4: >$250,000 to $300,00060%
Tier 5: >$300,00065%

<tbody>
</tbody>


Salesperson 2
Nett Commission IncomeConsultant Split
Tier 1: $0 to $50,00045%
Tier 2: >$50,000 to $100,00050%
Tier 3: >$100,000 to $150,00055%
Tier 4: >$150,000 to $200,00060%
Tier 5: >$200,000 to $250,00065%
Tier 6: >$250,00070%

<tbody>
</tbody>


Salesperson 3
Nett Commission IncomeConsultant Split
Tier 1: $130,000 to $200,00045%
Tier 2: >$200,00050%

<tbody>
</tbody>



Would like this to be a single cell solution, so need 3 formulas in total - 1 for each salesperson
Any assistance would be greatly appreciated!!!
 

Excel Facts

VLOOKUP to Left?
Use =VLOOKUP(A2,CHOOSE({1,2},$Z$1:$Z$99,$Y$1:$Y$99),2,False) to lookup Y values to left of Z values.
Assuming data in A1, use
Code:
=A1*LOOKUP(A1,{0,100000,200000,250000,300000,1000000},{0.45,0.5,0.55,0.6,0.65})
You can use the same principle to the other salespeople
 
Upvote 0
Assuming data in A1, use
Code:
=A1*LOOKUP(A1,{0,100000,200000,250000,300000,1000000},{0.45,0.5,0.55,0.6,0.65})
You can use the same principle to the other salespeople


Thanks for your quick reply - I forgot to mention that the sliding scale is accumulative, so if the agent has sold enough properties for a total of $199,000 commission, then the break down would be:
$45,000 (first $100k) and then $49,500 ($100k-$199k) for a total split of $94,500 -

I think the formula above just picks wherever the total amount lies and finds the closest split - is there a way of calculating like I have described above?
 
Upvote 0
Hi Sir,
You could use this table, and generate for others,
Down (A)Top (B)Rate (C)Rate Difference (D)
045%
45%
0100.00050%%5
100.001200.00055%%5
200.001250.00060%%5
250.001300.00065%%5
300.001UP

<tbody>
</tbody>

IncomeE1

<tbody>
</tbody>
CommissionSUMPRODUCT((E1>B2:B6)*(E1-B2:B6)*(D2:D6))

<tbody>
</tbody>
 
Upvote 0

Excel 2010
BCDE
1199,000.0094,500.00
2
30.0045%45%
4100,000.0050%5%
5200,000.0055%5%
6250,000.0060%5%
7300,000.0065%5%
8
2d
Cell Formulas
RangeFormula
C1=SUMPRODUCT(--(B1>C3:C7),B1-C3:C7,E3:E7)
E3=D3-N(D2)
 
Upvote 0

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