The document contains a commission table with four tiers based on sales amounts. The tiers specify a minimum and maximum sales amount range along with a payout rate. For a $65,000 sales amount, the payout rate would be 7% based on the sales amount falling within the $50,001 to $100,000 tier range. Functions like VLOOKUP, XLOOKUP, or nested IF statements could be used to lookup the correct payout rate based on the sales amount.
The document contains a commission table with four tiers based on sales amounts. The tiers specify a minimum and maximum sales amount range along with a payout rate. For a $65,000 sales amount, the payout rate would be 7% based on the sales amount falling within the $50,001 to $100,000 tier range. Functions like VLOOKUP, XLOOKUP, or nested IF statements could be used to lookup the correct payout rate based on the sales amount.
The document contains a commission table with four tiers based on sales amounts. The tiers specify a minimum and maximum sales amount range along with a payout rate. For a $65,000 sales amount, the payout rate would be 7% based on the sales amount falling within the $50,001 to $100,000 tier range. Functions like VLOOKUP, XLOOKUP, or nested IF statements could be used to lookup the correct payout rate based on the sales amount.
The document contains a commission table with four tiers based on sales amounts. The tiers specify a minimum and maximum sales amount range along with a payout rate. For a $65,000 sales amount, the payout rate would be 7% based on the sales amount falling within the $50,001 to $100,000 tier range. Functions like VLOOKUP, XLOOKUP, or nested IF statements could be used to lookup the correct payout rate based on the sales amount.
Nested IF 7% VLOOKUP 7% XLOOKUP 7% 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/