Excel sumif functions?

[John S via OfficeKB.com]

I am trying to take a net sales number and break it down by % amounts in a
stepped manner. For example:

$2500.00 in sales.

The first $1000 or less would be paid at 45% ($450.00)
The next $500 greater than $1000 but less than $1501 would be paid at 50% (
$250.00)
Any amount less than $9999.99 but greater than $1500 would be paid at 60% (
$600.00)

Total Commission Paid in this scenario: $1,300.00

How would I write this formula out? It's been 10 years since my last course
and I do not use excel like I use to. Help?

 

[RagDyer]

Check out the web page of John McGimpsey on this subject:

http://www.mcgimpsey.com/excel/variablerate.html

--
HTH,

RD
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