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John D
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Experience:  BS Degree in Engineering.
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I am trying to write the following formula and cant get the

Resolved Question:

I am trying to write the following formula and can't get the correct result for this tiered pricing:

A1=60,000,000

Tier 1 0-50,000,000 price is A1* $.20/1000
Tier 2 51,000,000-100,000,000 price is A1*$.10/1000
Tier 3 +100,000,000 price is A1*$.07/1000

Thanks!
Submitted: 7 months ago.
Category: Homework
Expert:  John D replied 7 months ago.

Hi,

Thanks for requesting me.

Here is the formula for the above 3 tiers

=IF(A1<=50000000,A1*0.2/1000,IF(A1<=100000000,A1*0.1/1000,A1*0.07/1000))

And in case you need the file, here is the file


Attachment: 2013-09-11_215941_tiers.xlsx



Hope this helps.

Don't forget to rate my answer 'Excellent' if you are happy with the solution :)

Customer: replied 7 months ago.


Can you give me an estimate on the timing of the reply? Thank you.

Expert:  John D replied 7 months ago.
Hi again,

I already sent the reply. Didn't you see the formula and the file? Waiting for your rating...
Customer: replied 7 months ago.


I saw the first answer and replied.


 


The result should be cumulative for each tier, for $60,000,000 the result should be $11,000. 1st 50m @ .20, 10,m @ .10. Thanks!

Expert:  John D replied 7 months ago.
I see. Ok one moment please....
Expert:  John D replied 7 months ago.

Ok here you go:

 

Attachment: 2013-09-12_031847_tiers_2.xlsx

 

 

The new formula is in the yellow cell. Please check it and let me know if it is what you're looking for

 

 

Let me know if you have any questions


Thanks

 

 

 

 

 

 

 

 

Customer: replied 7 months ago.


I was unable to open the file, can you paste in the reply? Thanks

Expert:  John D replied 7 months ago.
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John D, Consultant
Category: Homework
Satisfied Customers: 9653
Experience: BS Degree in Engineering.
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