September 2006
Beginner to intermediate
397 pages
13h 15m
English
Content preview from Microsoft Excel Functions & Formulas
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Use the IF function to calculate the
commissions for individual sales
A company has a policy for individual commissions depending on
sales, as shown below:
Sale < $100 3%
Sale => $100 and < $500 5%
Sale >= $500 8%
4
To calculate the commissions:
1. Enter different possible sales amounts in column A.
2. Select cells B2:B12 and type the following formula:
=A2*IF(A2>=500,0.08,IF(A2>=100,0.05,0.03)).
3. Press <Ctrl+Enter>.
50
Chapter 2
Figure 2-11
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