Help creating a payout with IF formula (or any other more efficient formula)

[alekssimic]

Hi,

Thank you in advance for your help with this.

I need to create a payout table with the following requirements:

If Qty is 3 or more (but less than 6), then the payout is $10
If Qty is 6 or more then the payout is $25

Qty Sold Payout
Salesperson 1 6 ?
Salesperson 2 6 ?
Salesperson 3 5 ?
Salesperson 4 3 ?

[#2]

@alekssimic 

Let's say that Qty Sold is in B2 and down. In C2:

=IF(B2<3, 0, IF(B2<6, 10, 25))

or

=10*(B2>=3)+15*(B2>=6)

The formula can be filled down.