Calculate Commission Tier Bonus
I need to calculate a bonus: 5% if sales are under $10k, and 10% if sales are $10k or more.
=IF(B2<10000, B2*0.05, B2*0.10) How it works: The IF function checks a condition. If the sales amount in cell B2 is less than $10,000, it calculates 5% of B2. Otherwise (if B2 is $10,000 or more), it calculates 10% of B2. This allows for dynamic bonus calculation based on predefined sales tiers.
Data Setup
| Salesperson | Sales Amount | Bonus |
|---|---|---|
| John Doe | 8500 | |
| Jane Smith | 12000 | |
| Peter Jones | 9900 | |
| Sarah Lee | 15000 | |
| Mike Brown | 7000 |
Step-by-Step Guide
Identify the column containing the sales amount (e.g., 'Sales Amount' in column B).
Select the first cell where you want the bonus to appear (e.g., C2).
Enter the formula: `=IF(B2<10000, B2*0.05, B2*0.10)`
Press Enter to see the bonus for the first salesperson.
Drag the fill handle (the small square at the bottom-right of cell C2) down to apply the formula to the rest of the sales data.
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