I want to use more than one IF in formula to calculate commission amount to be given from the profit.My formula is =IF(C4>20%*C21;3%*C4;IF(C4>40%*C21;5%*C4;"No Bonus")) All the time only the first logical test is being made by excel the second logical test after from second IF is being ignored.
C21 is total cost and C4 is the profit. What i want to make is to give different commission per different profit level. Can someone help ?
OMG I found the mistake. I was trying to calculate only percentage. So i changed the formula as to =IF(C4>1.4*C21;5%*C4;IF(C4>1.2*C21;3%*C4;"No Bonus")) and it`s working perfect. Thanks for your help my friend.