Question

Lindsey also needs to calculate the commissions earned each month. If the company earns $200,000 or more in a month, the commission is 35% of the sales. If the company earns less than $200,000 in a month, the commission is 27% of the sales. Calculate the commissions as follows:
a. In cell B17, enter a formula that uses the IF function and tests whether the total sales for January (cell B10) is greater than or equal to 200000.

b. If the condition is true, multiply the total sales for January (cell B10) by 0.35 to calculate a commission of 35%.

c. If the condition is false, multiply the total sales for January (cell B10) by 0.27 to calculate a commission of 27%.

d. Use the Fill Handle to fill the range C17:G17 with the formula in cell B17 to calculate the commissions for February through June.

Answer 1

Answer:

I have created and attached an image with example values for this question.

First we'll learn the IF function syntax:

IF(logical_test, value_if_true, [value_if_false])

Where

logical_test is the decision making comparison

value_if_true is the result to return when TRUE

value_if_false is the result to return when FALSE

We assume that cells B10 to G10 contain the Total Sales for January to June. And cells B17 to G17 contain the Commissions for January to June.

a.

The formula to use in cell B17 is:

=IF(B10>=200000;True;False)

b.

The formula to use in cell B17 is:

=IF(B10>=200000;B10*0.35;False)

c.

The formula to use in cell B17 is:

=IF(B10>=200000;B10*0.35;B10*0.27)

d.

To copy the formula in B17 to C17:G17, you can just copy and paste or select cell B17 and drag from the black square on the bottom right of the cell.

Answer 2

Enter this and you’ll be good to go!