Tier Starting Revenue Ending Revenue Rebate (%)
1st $0 $500,000 0%
2nd $500,001 $1,000,000 1%
3rd $1,000,001 $2,000,000 2%
4th $2,000,001 $5,000,000 3%
5th $5,000,001 No Cap 4%
The current model for the Monthly Rebate for my company is based on the above table for an Accumulated Rebate –
For Example – for monthly revenue of $3.3M, the rebate calculation is - $500K*0%+$500K*1%+$1M*2%+$1.3M*3% = $64K
Is there a formula that can do this in excel?
hi there. assuming 3.3M in A5, try:
=SUMPRODUCT(--(A5>{0,500000,1000000,2000000,5000000}),--(A5-{0,500000,1000000,2000000,5000000}),{0,0.01,0.01,0.01,0.01})
you can read up on this if you're interested:
http://mcgimpsey.com/excel/variablerate.html
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