Easily Insert Formulas to the Bonus Program

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How to Insert Formulas to the Bonus Program

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welcome to this video which is a continuation of exercise 1 sales analysis this time we want to calculate the bonus that will be awarded to each salesperson based on their performance for the month of July 2 to 2 December 2018 so you can see the rules for giving out the bonus down here if the salesperson earn 50,000 or more the bonus is 3,200 if the salesperson earned between 35,000 and 50,000 then he gets 1600 and if the salesperson earned between 20,000 and 35,000 he gets 800 and if his revenue is below 20,000 he doesnt get a bonus so lets do it step by step here were going to use a function called if I F and if is a function that can be used if you have two or more possible results in a formula which we have right here because we have actually four possible results okay so lets get started here for the bonus for Avery equal if okay and the open parenthesis so the bonus depends on the value in h4 so if h4 now first lets check if he earned above 50,000 so if h4 creator then we ha

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What is the formula to add bonus?

The formula =IF(F220000,0.02*F2,0) can be thought of in these words, If the revenue in F2 is greater than 20,000 then 2% of F2, otherwise 0. An IF function calculates the bonus.

How do I insert a formula and text in an Excel cell?

We often hear that you want to make data easier to understand by including text in your formulas, such as 2,347 units sold. To include text in your functions and formulas, surround the text with double quotes ().

How do I add a formula to a column in Excel?

Create a calculated column Create a table. Insert a new column into the table. Type the formula that you want to use, and press Enter. When you press Enter, the formula is automatically filled into all cells of the column above as well as below the cell where you entered the formula.

How do you put a formula in an if statement Excel?

Use the IF function, one of the logical functions, to return one value if a condition is true and another value if its false. For example: =IF(A2B2,Over Budget,OK) =IF(A2=B2,B4-A4,)

How do you insert a formula in an Excel statement?

On the worksheet, click the cell in which you want to enter the formula. Type the = (equal sign) followed by the constants and operators (up to 8192 characters) that you want to use in the calculation. For our example, type =1+1.

How do you add formulas?

0:00 1:37 How to create formulas in Microsoft Excel - YouTube YouTube Start of suggested clip End of suggested clip Add another cell. Notice the red color matched between the cell reference and the cell excel isMoreAdd another cell. Notice the red color matched between the cell reference and the cell excel is helping you confirm your cell selection press enter and the result appears.

How do you use the IF function in Excel for bonus?

1:25 7:24 How to use an IF function to work out a bonus. IF Statement - YouTube YouTube Start of suggested clip End of suggested clip And when you see the function you can see the bold. On the help underneath. There is on the bit thatMoreAnd when you see the function you can see the bold. On the help underneath. There is on the bit that says logical. Test.

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