need help making a formula


K

kath

i need to make a formula that will show a commission rate of 5% sales over
15,000 with a 3% sales commission for lesser sales. Could someone please
help me with this.
 
R

Ron Coderre

A1: (a sales amount)

B1: =A1*.03+MAX(A1-15000,0)*.02

Is that something you can work with?
--------------------------

Regards,

Ron
Microsoft MVP (Excel)
(XL2003, Win XP)
 
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R

Ron Coderre

Actually, if you use what I posted, it will fix itself.

This:
B1: =A1*.03+MAX(A1-15000,0)*.02

will become this:
B1: =A1*0.03+MAX(A1-15000,0)*0.02

(zeros preceding the decimal points)

--------------------------

Regards,

Ron
Microsoft MVP (Excel)
(XL2003, Win XP)
 
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T

T. Valko

Does that mean if the sales were 27,336 -

3% of the first 15,000 + 5% of the next 12,336 ?

If that's the case:

A1 = 27,336

=IF(A1="",0,MIN(A1,15000)*0.03+MAX(A1-15000,0)*0.05)

Commisson = 1066.80
 

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