Question : How to write an Excel if statement that would accomplish figuring the percentage of a dollar amount based on the scale below:

10% if between 0 and 20,000.00
7.5% if between 20,000.01 and 50,000.00
5% if 50,000.00 and above

Additionally the user wants to add 10% to the 10% of the amount between 0 and 20,000.00

Answer : How to write an Excel if statement that would accomplish figuring the percentage of a dollar amount based on the scale below:

So, the first 20,000 is at 11% + 20K to 50K at 7.5% and 50K+ at 5%

=(MIN(A1,20000)*0.11)+(MIN(MAX(0,A1-20000),30000)*0.075)+(MAX(0,A1-50000)*0.05)