• Skip to main content
  • Skip to header right navigation
  • Skip to site footer

My Online Training Hub

Learn Dashboards, Excel, Power BI, Power Query, Power Pivot

  • Courses
  • Pricing
    • Free Courses
    • Power BI Course
    • Excel Power Query Course
    • Power Pivot and DAX Course
    • Excel Dashboard Course
    • Excel PivotTable Course – Quick Start
    • Advanced Excel Formulas Course
    • Excel Expert Advanced Excel Training
    • Excel Tables Course
    • Excel, Word, Outlook
    • Financial Modelling Course
    • Excel PivotTable Course
    • Excel for Customer Service Professionals
    • Excel for Operations Management Course
    • Excel for Decision Making Under Uncertainty Course
    • Excel for Finance Course
    • Excel Analysis ToolPak Course
    • Multi-User Pricing
  • Resources
    • Free Downloads
    • Excel Functions Explained
    • Excel Formulas
    • Excel Add-ins
    • IF Function
      • Excel IF Statement Explained
      • Excel IF AND OR Functions
      • IF Formula Builder
    • Time & Dates in Excel
      • Excel Date & Time
      • Calculating Time in Excel
      • Excel Time Calculation Tricks
      • Excel Date and Time Formatting
    • Excel Keyboard Shortcuts
    • Excel Custom Number Format Guide
    • Pivot Tables Guide
    • VLOOKUP Guide
    • ALT Codes
    • Excel VBA & Macros
    • Excel User Forms
    • VBA String Functions
  • Members
    • Login
  • Blog
  • Excel Webinars
  • Excel Forum
    • Register as Forum Member
  • Login

creating formula for tiered commissions|General Excel Questions & Answers|Excel Forum|My Online Training Hub

You are here: Home / creating formula for tiered commissions|General Excel Questions & Answers|Excel Forum|My Online Training Hub
Avatar
sp_LogInOut Log In sp_Registration Register
sp_Search Search
Advanced Search
Search
Forum Scope




Match



Forum Options



Minimum search word length is 3 characters - maximum search word length is 84 characters
sp_Search Search
sp_RankInfo
Lost password?
sp_CrumbsHome HomeExcel ForumGeneral Excel Questions & Answe…creating formula for tiered commiss…
sp_PrintTopic sp_TopicIcon
creating formula for tiered commissions
Avatar
cally ross

New Member
Members
Level 0
Forum Posts: 2
Member Since:
July 15, 2020
sp_UserOfflineSmall Offline
1
July 15, 2020 - 5:46 am
sp_Permalink sp_Print

Hi everyone

 

So I'm trying to create a formula for my work so,

anything up to £150,000 I pay 2.5% and if its above that but below £500,000 then the difference is calculated at 1% but if its above £500,000 then its calculated at 0.5% 

 

so just say I invested £800,000 the first £150,000 is calculated at 2.5 % making £3,750 then the remaining £350,000 to make up to £500,000 is calculated at 1% making £3500 then the remaining £300,000 to make up to the total of £800,000 is calculated at 0.5% making £1500 making a total of £8,750

 

hope that makes sense

thanks

Cally

sp_AnswersTopicSeeAnswer See Answer
Avatar
Philip Treacy
Admin
Level 10
Forum Posts: 1549
Member Since:
October 5, 2010
sp_UserOfflineSmall Offline
2
July 15, 2020 - 9:41 am
sp_Permalink sp_Print

Hi Cally,

If your value is in B2

=IF(B2<150000,B2*0.025,150000*0.025)+IF(B2>150000,IF(B2>500000,(350000*0.01)+(B2-500000)*0.005,(B2-150000)*0.01))

Regards

Phil

sp_AnswersTopicAnswer
Answers Post
Avatar
cally ross

New Member
Members
Level 0
Forum Posts: 2
Member Since:
July 15, 2020
sp_UserOfflineSmall Offline
3
July 16, 2020 - 3:55 am
sp_Permalink sp_Print sp_EditHistory

Hi 

So if I wanted to show the breakdown of charges of the 3 bands what would be the formula in 3 separate cells. 

for example as per the first example of £800,000 the total charge is £8,750, the first 150,000 is £3,750, second bracket is £3,250 and 3rd bracket is £1,750. I would like to show a breakdown of this in 3 separate cells. 

thanks in advance. 

Avatar
Philip Treacy
Admin
Level 10
Forum Posts: 1549
Member Since:
October 5, 2010
sp_UserOfflineSmall Offline
4
July 16, 2020 - 9:31 am
sp_Permalink sp_Print

Hi Cally,

If you want the 3 separate calculations they will individually look a little different to the initial formula, because some of the logic encapsulated in the original formula has to be accounted for in a different way when using 3 separate formulae.  But here they are

=IF($B$2<150000,$B$2*0.025,150000*0.025)

=IF($B$2>150000,IF($B$2>500000,(350000*0.01),($B$2-150000)*0.01),0)

=IF($B$2>500000,($B$2-500000)*0.005,0)

See attached,

Regards

Phil

sp_Feed
Go to top
Forum Timezone: Australia/Brisbane
Most Users Ever Online: 245
Currently Online: B Leonard, Jig Dhimmar, Lorna Henning, Nikita Bhatia
Guest(s) 10
Currently Browsing this Page:
1 Guest(s)
Top Posters:
SunnyKow: 1432
Anders Sehlstedt: 880
Purfleet: 414
Frans Visser: 346
David_Ng: 306
lea cohen: 237
Jessica Stewart: 219
A.Maurizio: 213
Aye Mu: 201
jaryszek: 183
Newest Members:
David von Kleek
Ronald White
Ginette Guevremont
Taryn Ambrosi
Mark Davenport
Christy Nichols
Harald Endres
Ashley Hughes
Herbie Key
Trevor Pindling
Forum Stats:
Groups: 3
Forums: 24
Topics: 6528
Posts: 28594

 

Member Stats:
Guest Posters: 49
Members: 32817
Moderators: 2
Admins: 4
Administrators: Mynda Treacy, Philip Treacy, Catalin Bombea, FT
Moderators: Velouria, Riny van Eekelen
© Simple:Press —sp_Information

Sidebar

Blog Categories

  • Excel
  • Excel Charts
  • Excel Dashboard
  • Excel Formulas
  • Excel Office Scripts
  • Excel PivotTables
  • Excel Shortcuts
  • Excel VBA
  • General Tips
  • Online Training
  • Outlook
  • Power Apps
  • Power Automate
  • Power BI
  • Power Pivot
  • Power Query
microsoft mvp logo
trustpilot excellent rating
Secured by Sucuri Badge
MyOnlineTrainingHub on YouTube Mynda Treacy on Linked In Mynda Treacy on Instagram Mynda Treacy on Twitter Mynda Treacy on Pinterest MyOnlineTrainingHub on Facebook

Sign up to our newsletter and join over 400,000
others who learn Excel and Power BI with us.

 

Company

  • About My Online Training Hub
  • Disclosure Statement
  • Frequently Asked Questions
  • Guarantee
  • Privacy Policy
  • Terms & Conditions
  • Testimonials
  • Become an Affiliate
  • Sponsor Our Newsletter

Support

  • Contact
  • Forum
  • Helpdesk - For Technical Issues

Copyright © 2023 · My Online Training Hub · All Rights Reserved. Microsoft and the Microsoft Office logo are trademarks or registered trademarks of Microsoft Corporation in the United States and/or other countries. Product names, logos, brands, and other trademarks featured or referred to within this website are the property of their respective trademark holders.