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Tiered Commissions
Hi Excel Expert,
I need help on the Part 1 & Part 2 of my attached sample tiered commission rate. Part 1: How to calculate the tiered rate? Total annual variable = 120,000 Annual Quota = 1,600,000 Rate = 120,000/1,600,000 = 7.50% If my commission = (110,000/120,000)*3% the rate would be 2.75% blended rate for sales between 0 -480,000 Part 2: any orders between 0-480,000 (480,000 sales) would be paid at 3% or blended rate any orders between 480,000-1,100,000 (next 640,000 sales) would be paid at the next rate of 8% or blended rate How can I showed the commission tiered rate and commission amount? Sales Rate % Commission $ 100000 Help with tier rate based on 100,000 ? 200000 Help with tier rate based on 200,000 ? 170000 Help with tier rate based on 170,000 ? 470000 (total from above) ? Next sales Rate % Commission $ 110000 100,000 would be at the rate above and 100,000 would be next rate (8%) |
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