calculate percentage of pay based on days old

[marsjune68]

Ok I have what seems to be a challenge for me.
I have widgets for sale both new and used widgets. When I sale one I want to
calculate the percentage I am paid based on conditions. In addition, I want
it to total it up in a cell.

These are my columns
“col a†a person initials “â€I enter manuallyâ€â€
“col c†widget used or new 1= used widget 2 = new widget “â€I enter manuallyâ€â€
“col d†#days old the widget is “â€I enter manuallyâ€â€
“col e†profit of the sale of the widget “â€I enter manuallyâ€â€
“col f†I want this total of profit based on conditions.

The row are individual sales I track I enter in different information.

My conditions are:

1. New widget, 0-15 days old, get paid 5% of profit but to a maximum of
amount of $200.00
2. New widget, 16-30 days old, get paid 9%
3. New widget, 31-40 days old, get paid 12%
4. New widget, 41 and more days old, get paid 15%
5. Used widget, 0-15 days old, get paid 10%
6. Used widget, 16-30 days old, get paid 15%
7. Used widget, 31-40 days old, get paid 20%
I have minimums that I want to calculate as well in this mess

If the widget is new and over 41 days and the profit is under $99.99 I want
to pay $100.00
If the widget is new and between 31-40 days and the profit is under $$99.99
I want to pay $50.00
If the widget is new and between 1-30 days and the profit is under $$99.99 I
want to pay $25.00
If the widget is used and the profit is under $$99.99, I want to pay $25.00
no matter how old it is.

 

[Luke M]

Okay, I think I got it all...

=IF(C2=1,IF(E2<99.99,25,E2*LOOKUP(D2,{0,16,30,41},{0.1,0.15,0.2,0.25})),IF(E2<99.99,LOOKUP(D2,{1,31,41},{25,50,100}),IF(AND(D2<16,E2*5%>200),200,E2*LOOKUP(D2,{0,16,31,41},{0.05,0.09,0.12,0.15}))))

*Note: You didn't say what to use for used widgets over 41 days old. From
your pattern, I assumed 0.25

 

[marsjune68]

Everything seems to work fine. Thank you! But let me ask this I can not
seem to figure it out. Here is the other condition. if the widget is NEW and
is under 60 day old I want to put a cap on the profit paid to 200 max. If
the widget is over 60 day then it will pay the 10%. so if the profit on a
widget is 3000 and it is over 60 days old it would pay 10% and that =300.
but if the profit on a widget is 3000 and it is under 60 days old it would
pay 10% and that =300 I do not want it to pay 300 but to pay 200 instead. How
can I put a cap on it to only report paying 200 in stead of 300 this would go
in "col f"? How do I do that.
Thank you again

M