Formula for tiered pricing

BarbSs

New Member
Joined
Jul 15, 2018
Messages
1
I cannot find a formula that works for tiered pricing. Please help.

1-6000 gals is priced at $3.55 per 1000 gals ($0.00355 per gallon)
6000-25000 gals is priced at $3.95 per 1000 gals ($0.00395 per gallon)
25000 gals and up is priced at $4.40 per 1000 gals ($0.00440 per gallon)

I want to set up a formula that returns the total price when I put in the total number of gallons. So if the total of gallons is 33,144 the formula should give me a total cost based on all those tiers.

I tried using sumproduct but can't get it to work. All of the formulas I have found have price breaks. This formula needs to calculate price increase.

Any ideas? Thanks!
 

Excel Facts

Can you AutoAverage in Excel?
There is a drop-down next to the AutoSum symbol. Open the drop-down to choose AVERAGE, COUNT, MAX, or MIN

Excel 2010
BCDEFG
1GallonsAmountBracketsRatesDelta
233,144.00132.1800.0035500.003550
36,0000.0039500.000400
425,0000.0044000.000450
5
6T10_1807a2d
2d
Cell Formulas
RangeFormula
C2=SUMPRODUCT(--(B2>rB),B2-rB,rD)
F2=3.55/1000
G2=F2-N(F1)
Named Ranges
NameRefers ToCells
rB='2d'!$E$2:$E$4
rD='2d'!$G$2:$G$4
 
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