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Calculating Commissions

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  1. #1
    Registered User
    Join Date
    06-23-2010
    Location
    USA
    MS-Off Ver
    Excel 2003
    Posts
    5

    Calculating Commissions

    Hi,

    I am not so good at more than basic formulas. I have built a spreadsheet where I want to calculate a salesperson's commission based on how their sales were to their goal. However, while their commission percentage is based on how their sales were to goal, their payout at that percentage is a percentage of cash received from their clients that month. (I didn't design the system)

    As an example, there is a total sales goal field (M8), a total actual sales for the month field (M12) and a field where cash received is keyed (M16)

    If the person's sales are less than goal (M8) they get paid 6% of M16.If they are 100% - 109% of M8, they get paid 8% of M16 and if they are 110% or higher of goal, they get paid 10% of M16.

    So, I need Excel to look at the total goal, look at the total sales and calculate a payout of the cash received number at the proper percentage based on how well they did to goal.

    Any help would be greatly appreciated.

    Thanks!
    Last edited by COBBCITY1; 06-27-2010 at 12:25 PM.

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