• 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
    • Password Reset
  • Blog
  • Excel Webinars
  • Excel Forum
    • Register as Forum Member

function to calculate compensation|General Excel Questions & Answers|Excel Forum|My Online Training Hub

You are here: Home / function to calculate compensation|General Excel Questions & Answers|Excel Forum|My Online Training Hub
Avatar
sp_LogInOut Log In sp_Registration Register
sp_Search Search
Advanced Search|Last Search Results
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…function to calculate compensation
sp_PrintTopic sp_TopicIcon
function to calculate compensation
Avatar
Prem Shah

New Member
Members
Level 0
Forum Posts: 2
Member Since:
November 21, 2018
sp_UserOfflineSmall Offline
1
November 21, 2018 - 9:48 pm
sp_Permalink sp_Print

Hi,

Could you possibly help me in figuring out the correct function to calculate compensation based on the following assumptions?

The compensation is based on the net contract value of an order. Net value is calculated by deducting a one time cost of 333 EUR per terminal and a monthly cost of 13 EUR per terminal from Order Value. These deductions are only made when the Charge Type is Service Fee. The compensation, calculated from net order value, is 8% for Service Fee and Credit, and 4% for Start Fee and Branding.
Avatar
Anders Sehlstedt
Eskilstuna, Sweden

VIP
Members


Trusted Members
Level 3
Forum Posts: 870
Member Since:
December 7, 2016
sp_UserOfflineSmall Offline
2
November 22, 2018 - 7:12 am
sp_Permalink sp_Print sp_EditHistory

Hello,

As you mentions, the net value is calculated as:
= Order Value - ((One Time Cost * Quantity of Terminals) + (Monthly Cost * (Nr of Months * Quantity of Terminals)))
But only if the Charge Type = Service Fee, otherwise the Net Value = Order Value.

In order to calculate the Compensation, which should be 8% if the Charge Type is either Service Fee or Credit, for remaining two types (Starting Fee and Branding Pack) it is to be 4%, you can use a nested formula with IF and OR functions.
= IF(OR(Charge Type = "Service Fee" , Charge Type = "Credit") , Net Value * 8% , Net Value * 4%)

You can write this in another way, skipping the OR function. The + sign acts just like the OR function. If using this, just remember you need to enclose each and every condition with parentheses.
= IF((Charge Type = "Service Fee") + (Charge Type = "Credit") , Net Value * 8% , Net Value * 4%)

So, by using row 2 in your file as an example, the formula would be like this.
= IF(OR(C2 = "Service Fee" , C2 = "Credit") , G2 * 8% , G2 * 4%)

Br,
Anders

Avatar
Prem Shah

New Member
Members
Level 0
Forum Posts: 2
Member Since:
November 21, 2018
sp_UserOfflineSmall Offline
3
November 22, 2018 - 8:14 pm
sp_Permalink sp_Print

Thank you very much.

Avatar
Velouria
London or thereabouts
Moderator
Members


Trusted Members

Moderators
Level 4
Forum Posts: 613
Member Since:
November 1, 2018
sp_UserOfflineSmall Offline
4
November 22, 2018 - 9:06 pm
sp_Permalink sp_Print

Purely for information, you could also write that like this:

 

=G2*IF(OR(C2={"Service Fee","Credit"}),8%,4%)

sp_Feed
Go to top
Forum Timezone: Australia/Brisbane
Most Users Ever Online: 245
Currently Online: Andy Kirby, Chandler Davis, Atos Franzon
Guest(s) 9
Currently Browsing this Page:
1 Guest(s)
Top Posters:
SunnyKow: 1432
Anders Sehlstedt: 870
Purfleet: 412
Frans Visser: 346
David_Ng: 306
lea cohen: 219
A.Maurizio: 202
Jessica Stewart: 202
Aye Mu: 201
jaryszek: 183
Newest Members:
wahab tunde
Cong Le Duc
Faisal Bashir
Ivica Cvetkovski
Blaine Cox
Shankar Srinivasan
riyepa fdgf
Hannah Cave
Len Matthews
Kristine Arthy
Forum Stats:
Groups: 3
Forums: 24
Topics: 6205
Posts: 27210

 

Member Stats:
Guest Posters: 49
Members: 31878
Moderators: 3
Admins: 4
Administrators: Mynda Treacy, Philip Treacy, Catalin Bombea, FT
Moderators: MOTH Support, Velouria, Riny van Eekelen
© Simple:Press —sp_Information

Sidebar

Blog Categories

  • Excel
  • Excel Charts
  • Excel Dashboard
  • Excel Formulas
  • 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
 

Company

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

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.