Baseline Formula

[George]

Excel 2007
I am trying to get a formula to do the following commision;
If A1 is less then or equal to $2,000.00 then B2 would equal 2% of that
amount.
If A1 is greater then $2,000.00 then B2 would equal 2% of the $2,000.00 plus
5% of the amount over the $2,000.00 baseline.

 

[Bernard Liengme]

=IF(A1<=2000,A1*2%,40+(A1-2000)*5%)
or
(A1*2%)+(A1>2000)*(A1-2000)*5%
best wishes

 

[George]

Something is wrong, when I am equal to or below $2,000.00 it's fine, but when
I go above $2,000.00 it shows a negative number. It should show the 2% plus
the 5% above the $2,000.00

 

[Bernard Liengme]

I was too hasty; yes we need
=A1*2%+(A1>2000)*(A1-2000)*3%
thanks for the heads up!

 

[MrAcquire]

Here's another formula that would work

=MIN(0.02*A1,40)+MAX(0.05*(A1-2000),0)

 

[Dana DeLouis]

=MIN(0.02*A1,40)+MAX(0.05*(A1-2000),0)

Another option...

= Max(0.02*A1, 0.05*A1 - 60)

= = =
Dana DeLouis