Calculating Tiered Fees
Hi All,
I am trying to calculate total fees owed based on a tiered system. For example, if we made $35000 in revenue for a client, we would take 30% on the first $10000, 25% on the next $10000, 20% of the third $10000, and 15% on the remaining $5000. I'm currently trying to avoid nested IF statements and I thought that using Arrays in Sumproduct would be the way to go. However, the formula below isn't working out.
=SUMPRODUCT(--(Revenue>$FirstTier:$LastTier),--(Revenue-$FirstTier:$LastTier),%FirstTier:%LastTier)
And here is an example of the sheet.
https://docs.google.com/spreadsheets/d/1bMXdPHHtZADUHHHJukyPOva1owaOLyMA1T8oqBGUbJM/edit?usp=sharing
Is there a way to do this without if statements? Thanks!
Posted Aug 17, 2017, 8:16 PM UTC
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