Beginner needs help w/first work project

[Guest]

I have created a spreadsheet that looks like below:

Prod # Sold Cost Profit Profit % Sales Pay Rate Sales Pay Amt


I type in the prod#,sold, and cost fields and I've gotten Excel to figure
out and print the correct answer for profit and the profit percent cell. Now
where I have sales pay rate and sales pay amt, I can't remember how to get it
to look at a table and based off of the profit percent, I need it to tell me
how much the sales persons' commission rate for that sale would be. I need
it to give me the % and also the amount that it equals. If I can get some
help on this, I have a step 2 problem to figure out. Thanks very much in
advance for help with this, this project is due Thursday in order to be
presented "working" to the sales staff on Friday morning so I am pretty
desperate for some help. This is my first excel project ever so...thanks!

 

[Biff]

Hi!

You want some type of Lookup formula to get the Sales Pay
Rate.

Here's one type:

Create a table somewhere on your sheet that lists the %
Profit scale and the corresponding Sales Pay Rate. The
table should be in ascending order if there are ranges
involved. For example:

Profit % Pay Rate %
0 10
5 15
10 20
15 25
20 30
25 35
30 40

Assume that table is in the range G2:H8, G1 and H1 being
headers, Profit % and Pay Rate %.

Then you could use a formula like this:

A1 = Prod #
B1 = Sold
C1 = Profit
D1 = Profit %
E1 = Sales Pay Rate formula:

=IF(D1="","",VLOOKUP(D1,G2:H8,2,1))

Biff

 

[Guest]

Biff, thanks you so much for your help. I mentioned there is a step 2 to
this problem. Not only do I need for excel to figure out the sales
commission % and the amount that it equals, I have 4 total tables. One for
sales commission, one for the sales mgr (who gets a cut), one for the product
buyer who gets a cut and one for the senior buyer who may also get a cut. So
Excel needs to figure out everyones' cut in the profit...the percentages for
each and the amount it equals for each....is this possible? Thanks again in
advance.

 

[Guest]

I'm not sure that I understand the problem, but I think you just need to use
the vlookup function 4 times. If you provided more info i could possibly do
the same...

 

[Guest]

Mike,

do you have an email address I can send the file to you to show you more
specifically what I'm trying to do?

Thanks,
Buckwheat

 

[Biff]

Hi!

You can send me your file and I'll have a look.


Biff

 

[Guest]

Yeah. Its (e-mail address removed)

Mike,

do you have an email address I can send the file to you to show you more
specifically what I'm trying to do?

Thanks,
Buckwheat

 

[Guest]

Yeah, its (e-mail address removed)

Mike,

do you have an email address I can send the file to you to show you more
specifically what I'm trying to do?

Thanks,
Buckwheat

 

[Biff]

OK, I got your file.

You need to redo all of your lookup tables.

This will take some time but I'll fix it for you!

Biff