I am trying to create a commission statement for an employee who will earn increasing commission rates as they bill more. I'd like to be able to plug the amount of revenue they bring in (which will be updated each month) to automatically work out their earnings. If they bring in revenue between £0 - £99,000 they earn 33%; if they bring in revenue between £99,001 - £154,000 they earn the initial 33% up to £99,000 and then 38% on the rest and so on up to 53% (see bands below). How would I calculate the amount within each band?
1 99,000 33.00% = A
99,001 154,000 38.00% = B
154,001 198,000 43.00% = C
198,001 308,000 48.00% = D
308,001 374,000 50.50% = E
374,001 2,200,000 53.00% = F
Total commission earned = G
E.g. If someone brings in £200,000 in revenue, then I'm hoping to get the following:
A = 32,670
B = 20,899.62
C = 18,919.57
D = 959.52
E= (blank)
F = (blank)
G = 73,448.71
Hopefully this makes sense and someone knows the answer!!![]()
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