I need a complex excel equation.
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Description
Experience Level: Intermediate
I need an equation to calculate a bonus figure for our sales person based on the following commission percentages
Bonus Pot Bonus Percentage
First £500 30%
Next £500-£1000 35%
Next £1000-£1500 40%
Next £1500-£2000 45%
£2000+ 50%
So for example if the bonus pot was 2750.00 then the final bonus figure would be
£150 + £175 + £200 + £225 +£375 = £1125
I would like an equation that is able to calculate this.
Bonus Pot Bonus Percentage
First £500 30%
Next £500-£1000 35%
Next £1000-£1500 40%
Next £1500-£2000 45%
£2000+ 50%
So for example if the bonus pot was 2750.00 then the final bonus figure would be
£150 + £175 + £200 + £225 +£375 = £1125
I would like an equation that is able to calculate this.
Mike B.
100% (1)Projects Completed
1
Freelancers worked with
1
Projects awarded
50%
Last project
3 Jul 2018
United Kingdom
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