Set up a table with the rates. It should look like this:
0 0
1000 0.30
2500 0.35
4000 0.40
Let's say you put that in K1:L4
Then with the sales in A1, the formula is
=A1*VLOOKUP(A1,$K$1:$L$4,2)
On Wed, 9 Feb 2005 12:41:07 -0800, "LKraft0318"
<LKraft0318@discussions.microsoft.com> wrote:
>I'm trying to set up a formula to calculate commissions based on weekly
>sales, as follows:
>
>If $1000<sales<$2500, commission = sales*30%
>If $2500<sales<$4000, commission = sales*35%
>If $4000<sales<$4500, commission = sales*40%
>
>Can anyone help, please? I'm using Excel 2000.
>
>Thanks.
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