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?
Bookmarks