Nov 3, 2022

How to use IF Condition for Incentive Calculations

 
How to use IF Condition for Incentive Calculations


According to the sales, we have to give incentive here

We have a data showing sales and incentives. 

IF_Condition

IF Condition Uses

This is our condition which we have shown in the picture

IF_Condition2



1. If 0-40 then 20, 41-80 then 60, 81-100 then 80, if more than 100 then 100 rupees incentive is to be          given.
2. If someone made 35 sales then 35*20
3. If someone did 45 then 40*20 plus 5*60
4. If someone did 85 then 40*20 plus 40*60 plus 5*80
5. If someone did 120 then 40*20 plus 40*60 plus 20*80 plus 20*100


How to use IF Formula


So first we will apply the simple formula and then edit it later, we will apply the complete formula in two times.

If A2 is less than or equal to 40 then 20, if A2 is less than or equal to 80 then 60,
If A2 is smaller than or equal to 100 then 80, if A2 is greater than 100 then 100

=IF(A2<=40,20,IF(A2<=80,60,IF(A2<=100,80,IF(A2>100,100)))))


We will edit the red part by following this step as shown in the picture.

A2 Cell:-
=IF(A2<=40,A2*20,IF(A2<=80,(40*20)+((A2-40)*60),IF(A2<=100,(40*20)+(40*60)+((A2-80)*80),IF(A2>100,(40*20)+(40*60)+(20*80)+((A2-100)*100)))))

Here we got our right answer. 

Conclusion:-

In this way, we can get incentives by using the condition, the formula of IF is very important, it is important for us to know its correct use.



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