Hi,
I am trying to solve a problem where I need to build out multiple fee/commission structures across a huge range of products. I was hoping to use a tiered calculation in this lay out so I can repeat the method simply. However, when I use the look up function I get errors in return.
In this example I would like to enter the amount 750000 and work out what the fee would be in $ based on the tiered fee structure. is there a way to achieve the answer of 2100 in a formula? Thanks for your help.
See the sheet.
1. You need to add a new column showing the % difference between tiers.
2. Forumula: =SUMPRODUCT(--(D10>$A$2:$A$5),--(D10-$A$2:$A$5),$D$2:$D$5)
3. Your expected answer was MILES out!!
Glenn
None of us get paid for helping you... we do this for fun. So DON'T FORGET to say "Thank You" to all who have freely given some of their time to help YOU
Thanks so much Glenn! Easy to break down and replicate. I appreciate your time and effort. Have a great day!
Originally Posted by Glenn Kennedy
You're welcome.
If that takes care of your original question, please select "Thread Tools" from the menu link above and mark this thread as SOLVED.
It'd also be appreciated if you were to click the Add Reputation button at the foot of any of the posts of all members who helped you reach a solution.
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