EXCEL SOLUTIONS

Work out commission from sales tiers

Find the right commission rate for a sales total using a sorted table, then calculate the amount.

IntermediateSalesAbout 6 minutes

Sample data

RowAB
1Sales fromRate
200.02
350000.04
4100000.06
5200000.08
Commission tiers (fictional) Row 1 holds the headings. All data is fictional. Dates are year-month-day.

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Steps

Each formula is already filled in and calculated. Edit it and press Run to try your own version. Nothing is saved or uploaded.

  1. The table lists the lowest sales for each rate. Look up the rate for 12,500 with TRUE (approximate match).

    Result0.06

  2. Try a value just below a threshold.

    Result0.04

  3. Multiply the sales by the rate to get the commission.

    Result750

  4. A less round example, rounded to two decimals: sales of 8,333.

    Result333.32

  5. Show the rate as a percentage text.

    Result6%

What to remember

Approximate matching (TRUE) only works if the first column is sorted from smallest to largest.

Formulas used

VLOOKUPROUNDTEXT

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