Commission Table

Sales Tiers Tier Minimum Payout Rate

$0-$50,000 $0 5% Use VLOOKUP to find the
sales amount between
$50,001-$100,000 $50,001 7% tiers in the rate table, and
$100,001-$150,000 $100,001 10% return a payout rate.
$150,001+ $150,001 15%

Sales Amount Payout Rate

Lookup Value-> $55,000 7%

Result 7% because $55,000 is less

than $100,001 in cell C6.
Commission Table
Sales Tiers Tier Minimum Payout Rate
$0-$50,000 $0 5% First cell in lookup range
should be zero, unless rep
$50,001-$100,000 $50,001 7% sells negative amount.
$100,001-$150,000 $100,001 10%
$150,001+ $150,001 15%

Use minimum amount in The payout rate can be

each tier range for the percentages or dollar
lookup range. amounts.

Sales Amount Payout Rate

Lookup Value-> $0 5%
Commission Table
Sales Tiers Tier Minimum Payout Rate
$0-$50,000 $0 $500 Use VLOOKUP to find the
sales amount between
$50,001-$100,000 $50,001 $1,000 tiers in the rate table, and
$100,001-$150,000 $100,001 $2,000 return a payout dollar
$150,001+ $150,001 $5,000 amount. This is a flat rate.

Sales Amount Payout Rate

Lookup Value-> $55,000 $1,000

Result is $1,000 because

$55,000 is in the 2nd tier of
$50K - $100K. Any sales amount
achieved within that range will
pay $1,000.
Author: Jon Acampora
Article: http://www.excelcampus.com/functions/calculate-commissions-vlookup/

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