Excel Formula for pricesClosed

Question

Hello,

I really don't know how to create formula for my task:

Item bouth for Total price £535,000 (comission + price)

How much is the Price only?


Condition: Up to £25,000………………..….25%

                From £25,000 - £500,000……..20%

                Above £500,000………………...12%

I have managed to calculate commision from the price, but cannot do it in return function.

I have tried everything, but this is too advance for me. Please, please help. Thank you very much,

Petra

aquarelle · Answer

Hello,
I supposed that you put your price in the column A and that the first row contains the titles "Price", "Commission", you have to use the following formula and drag it down : 
	A	B
1	Price	Commission
2		=IF(A1<25,A1*25%,IF(AND(A1>=25,A1<=500),A1*20%,A1*12%))

Best regards

Excel Formula for prices

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