Calculate Amount with Varying Percentages per Thousands

[Amaren]

Does anyone know how to write a formula that would update my compensation
number based on the following:

I get 25% of the first $1,000
Then 26% of $1,001 to $2,000
Then 28% of $2,000 to $5,000

I want to be able to update the amount I made for my company (i.e. $12,355)
in one cell and then have a formula that would calculate my bonus based on
those percentages per thousand in another cell?
I am rusty on my formula writing and need some help!!!
Thanks!

 

[Max]

Try JE's:
http://www.mcgimpsey.com/excel/variablerate.html
Using SUMPRODUCT() to calculate variable rates and commissions
--
Max
Singapore
http://savefile.com/projects/236895
Downloads:25,000 Files:300 Subscribers:70
xdemechanik

 

[Fred Smith]

How much do you get for sales over $5,000? The following formula assumes
30%, but change it to what you need. Assuming the sales amount (12,355) is
in a1:
=if(a1<=1000,a1*.25,if(a1<=2000,250+(a1-1000)*.26,if(a1<=5000,510+(a1-2000)*.28,1050+(a1-5000)*.30)))

Regards,
Fred