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Question

Need help with formula for tiered pricing

Hello,

I'm trying to build a formula that will calculate the appropriate pricing based on a tier. So for example, I have the following tiered matrix:

<=250,000 transactions      *  $0.05
<=500,000 transactions      *  $0.03
<=1,000,000 transactions   *  $0.01

So I created the following:

If(
<=250000,*0.05,
>250000 and <=500000, *0.03,
>1000000, *0.01)

I feel like this is wrong. Like if the # of transactions is greater than 250000, then it's going to price all the transactions at the 250000 rate, as opposed to just the transactions over the tier limit... How can I fix that?

Thanks!


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Christine
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This topic has been closed for replies.

  • AustinK
  • Registered
  • June 23, 2020
Quick Base takes the first thing that is true from the formula and runs with it so you need to do it in a certain way as you suspected.

If(
<=250000,*0.05,
<=500000, *0.03,
>500000, *0.01)

So it hits the first line if the Transactions are less than or equal to 250,000. If the amount is higher then it goes to the second line which now means the amount is definitely above 250,001 so the formula checks to see if the amount is less than or equal to 500,000. If it is then it stops there and spits out *0.03, if not it continues to the next line as it knows the number is 500,001 or more.

In your formula I capped it to be more than 500k is 0.01 but you had it set to be more than 1 million, so it went from 500k or less to 1 million or more. Did you want another tier in between them?
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