calculating different percentages depending on amount

  • Thread starter Thread starter pgruening
  • Start date Start date
P

pgruening

I'd appreciate help with a formula

I need a formula to calculate the following

4.5% of any amount up to and equal to $41,100.00 PLUS 6.00% on an
amount above $41,100.

ie $20,000 would be (20,000 x .045) $900.00

ie $50,000 would be [(41,100 x .05) + (8,900 x .060)] $2,383.50

Thanks Pete
 
Here's one which may work. Just substitute A1 with the cell your
information is in.

=IF(A1<=41100,A1*.045,(A1*.05)+((A1-41100)*.06))


I'd appreciate help with a formula

I need a formula to calculate the following

4.5% of any amount up to and equal to $41,100.00 PLUS 6.00% on any
amount above $41,100.

ie $20,000 would be (20,000 x .045) $900.00

ie $50,000 would be [(41,100 x .05) + (8,900 x .060)] $2,383.50

Thanks Peter
 
THe formula worked for amount $41,100 or less but didn't for amounts
above.

At first I thought it was because of a wrong percentage in the second
half of the formula but that wasn't it.

Any suggestions would be appreciated

Thanks Peter
 
pgruening said:
I'd appreciate help with a formula

I need a formula to calculate the following

4.5% of any amount up to and equal to $41,100.00 PLUS 6.00% on any
amount above $41,100.

ie $20,000 would be (20,000 x .045) $900.00

ie $50,000 would be [(41,100 x .05) + (8,900 x .060)] $2,383.50

Thanks Peter
Click to expand...


Hi Peter,

Looks like
=min(amount,41100)*0.045 + (max(amount-41100,0))*0.060

@+
FxM
 
goober said:
Here's one which may work. Just substitute A1 with the cell your
information is in.

=IF(A1<=41100,A1*.045,(A1*.05)+((A1-41100)*.06))
Click to expand...

Or did you mean:
=IF(A1<=41100,A1*.045,(A1*.045)+((A1-41100)*.06)) ?
 
Back
Top