Question

On the Sales Data worksheet, calculate the commission rate and commission paid for each sales associate.

Beginning in cell F4, enter a formula using the IFS function to calculate the commission rate based on the following table. Hint: Do not include comma separators in numerical values in formulas. Excel interprets commas as function argument separators.

IF ANNUAL SALES ARE: THEN THE COMMISSION RATE IS:
>=225,000 6%
>=175,000 4%
>= 100,000 2%
<100,000 0%

Answer 1

To calculate the commission rate and commission paid for each sales associate using the IFS function in Excel, enter the formula in cell F4 and use the provided table to determine the commission rate.

Step-by-step explanation:

To calculate the commission rate and commission paid for each sales associate on the Sales Data worksheet in Excel, you can use the IFS function.

Here is how to calculate the commission rate:

1. Begin in cell F4.
2. Enter the following formula: =IFS(D4>=225000, 6%, D4>=175000, 4%, D4>=100000, 2%, D4<100000, 0%)
3. Press Enter.

The formula uses the IFS function to check the annual sales value in cell D4 and return the corresponding commission rate based on the table provided. For example, if the annual sales are greater than or equal to $225,000, the commission rate will be 6%.

To calculate the commission paid, you can multiply the commission rate by the total sales value.

For example, if the annual sales are $250,000 and the commission rate is 4%, the commission paid will be $250,000 x 0.04 = $10,000.