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Calculating bonus value based on percentage of goal met

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    Calculating bonus value based on percentage of goal met

    Hi!

    I'm attempting to make an excel sheet that automatically calculates my bonus payout for accounting during my maternity leave absence. My quarterly bonus can vary depending on how much of my sales goal is hit. For example, my Q1 goal is $3,000,000. If I hit 80% of that, I receive 15% of my $5,000 bonus. Full breakdown of percentages below. I strung together a very long IF function but it is only reading the 80% payout even if I hit 100% of the goal.

    I would like accounting to only have to key in my Q1 revenue in 1 cell then the bonus payout automatically calculates based on the sliding scale of revenue hit and bonus paid out.

    Goal: $3,000,000
    Bonus: $5,000

    80% of $3,000,000 hit = 15% of $5,000 paid
    85% of $3,000,000 hit = 25% of $5,000 paid
    50% of $3,000,000 hit = 50% of $5,000 paid
    90% of $3,000,000 hit = 75% of $5,000 paid
    100% of $3,000,000 hit = 100% of $5,000 paid
    105% of bonus hit = 105% of $5,000 paid
    110% of bonus hit = 110% of $5,000 paid

    Thank you!

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    Forum Expert dosydos's Avatar
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    Re: Calculating bonus value based on percentage of goal met

    try something like this with a translation table. Update the %'s to your liking because I also changed your %'s because reaching 80% of your goal only netted 15%??? while reaching 50% netted you 50%?!?
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