Capped Commission Calculation
Hello!
I have a commissions calculation where I'm paying 20% of commissions owed for their first payment at a MAXIMUM of $1,000 I placed this formula in a formula - numeric field and it isn't ...
Forum Discussion
You might already have an answer, but I think you want to use MIN not Max.
Hello everyone,
I used the MIN system however it still isn't calculating the amounts that I'm looking for.
The general idea is I want to pay 20% of the total amount of monies owed at a maximum of $1,000
Example 1: Commissions owed : $4,000 , 1st Payment (formula = $800)
Example 2: Commissions Owed: $10,000, 1st Payment (formula = $1,000)
I used the Min formula as described by Mark and in the same way it's been written it is giving me $1,000 as payment in Example 1 rather than $800.
Thank you so much again for your help.
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Anthony Wong
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