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Sumproduct Tiered Commission Payment

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  1. #1
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    Unhappy Sumproduct Tiered Commission Payment

    Hi,

    I have used sumproduct formula to calculate tiered commission payments and all works correctly, except if you exceed the threshold on the first deal.
    Assuming the threshold is 1,050,000 at 70% and your first deal is 2,000,000 then the payment should be 1,400,000, however the sumproduct formula applied calculates 1,205,000. Can't figure out why?
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