Question description:
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Need help putting together formula where it counts the number of sales but only if the average annual premium is above $360.
So a sales = Sum(N:2:N:48)/360....but not greater than COUNTIF(N:2:N:48) ""
Solved by O. J. in 43 mins
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Excelchat Expert
26/01/2018 - 03:56
Hello :)
User
26/01/2018 - 03:56
hey
User
26/01/2018 - 03:57
Solving for the yellow box, counting number of life insurance policy sales. But to count as a sale the average premium sold the month must be $360 annual or greater
User
26/01/2018 - 03:57
so someone can't sell 4 $120 annual premium policies and get 4 sale counts
User
26/01/2018 - 03:58
they would bet 1 sale count because total premium is $460. Have to have $360 in annual premium to count
Excelchat Expert
26/01/2018 - 03:58
can you please create
Excelchat Expert
26/01/2018 - 03:58
mplate
Excelchat Expert
26/01/2018 - 03:58
i need to see columns
User
26/01/2018 - 03:58
i pasted one, do you see
Excelchat Expert
26/01/2018 - 03:58
No
User
26/01/2018 - 03:58
colums K-M
User
26/01/2018 - 03:59
down to row 49
Excelchat Expert
26/01/2018 - 03:59
i see now
Excelchat Expert
26/01/2018 - 03:59
ait please
Excelchat Expert
26/01/2018 - 03:59
so please fill as an example
Excelchat Expert
26/01/2018 - 03:59
row 2
Excelchat Expert
26/01/2018 - 03:59
where will be your sales?
User
26/01/2018 - 04:00
thats what we are solving for in yellow box
Excelchat Expert
26/01/2018 - 04:00
so average annual sales are in column E
Excelchat Expert
26/01/2018 - 04:00
yes?
Excelchat Expert
26/01/2018 - 04:00
or in D?
User
26/01/2018 - 04:00
column E is commision amount
User
26/01/2018 - 04:01
D is the amount of annual premium
User
26/01/2018 - 04:01
so in my scenario they should only get 1 sale count
Excelchat Expert
26/01/2018 - 04:01
so then the rows are days?
Excelchat Expert
26/01/2018 - 04:01
why?
User
26/01/2018 - 04:01
there are two sales entries, but average premium per policy is not at or above $360
Excelchat Expert
26/01/2018 - 04:01
because D2 and D3 Are aboce $360?
Excelchat Expert
26/01/2018 - 04:01
above*
User
26/01/2018 - 04:02
rows are life insurance sales
User
26/01/2018 - 04:02
I want someone getting sale count only if average premium is $360 annual per sale
User
26/01/2018 - 04:02
but they can't get more sale counts then applications sold
Excelchat Expert
26/01/2018 - 04:02
just to clarify last time please :)
Excelchat Expert
26/01/2018 - 04:03
if D2/360 is above $360 then count 1
Excelchat Expert
26/01/2018 - 04:03
yes?
User
26/01/2018 - 04:03
yes, but need to account for the other application premiums such as D3
User
26/01/2018 - 04:03
then D4, D5, D6 etc...
User
26/01/2018 - 04:04
as an average ............so average of D2:D49
User
26/01/2018 - 04:04
but sales can't be more than applications
Excelchat Expert
26/01/2018 - 04:05
ah ok
User
26/01/2018 - 04:05
so if someone sells a big $5000 annual premium, they don't end up with a lot of sale counts
User
26/01/2018 - 04:06
but if they only sell small $100 annual premiums they don't get credit on each application, only at $360 annual premium do they get a count
Excelchat Expert
26/01/2018 - 04:06
so if first are 400 and 300 then 3rd is 5000
Excelchat Expert
26/01/2018 - 04:06
output will be 1 for count
Excelchat Expert
26/01/2018 - 04:06
or 3?
User
26/01/2018 - 04:06
no it would be 3
Excelchat Expert
26/01/2018 - 04:06
ok
Excelchat Expert
26/01/2018 - 04:06
let me try now
User
26/01/2018 - 04:07
if first 100 and second 100 and third 200... only 1 count
Excelchat Expert
26/01/2018 - 04:11
why?
Excelchat Expert
26/01/2018 - 04:11
those average is 133
User
26/01/2018 - 04:11
total of 400.
Excelchat Expert
26/01/2018 - 04:11
and this is below 360
User
26/01/2018 - 04:11
get count at 360 annual premium
User
26/01/2018 - 04:11
but no more than the amount of actuall applications
User
26/01/2018 - 04:12
sorry if I confused
Excelchat Expert
26/01/2018 - 04:12
really i m totally confused
Excelchat Expert
26/01/2018 - 04:12
:(
User
26/01/2018 - 04:12
lets start over, im sorry
Excelchat Expert
26/01/2018 - 04:12
ok please
User
26/01/2018 - 04:13
so they get count for every 360 of premium
User
26/01/2018 - 04:13
but no more than the amount of actual applications
User
26/01/2018 - 04:13
when I say "count" I'm referring to "a sale count"
Excelchat Expert
26/01/2018 - 04:13
ok
Excelchat Expert
26/01/2018 - 04:15
please look at column F
Excelchat Expert
26/01/2018 - 04:15
is it correct?
Excelchat Expert
26/01/2018 - 04:15
400 > 360 so the count = 1
Excelchat Expert
26/01/2018 - 04:15
300 < 360 the count = 0
Excelchat Expert
26/01/2018 - 04:15
and etc.
Excelchat Expert
26/01/2018 - 04:15
yes?
User
26/01/2018 - 04:18
yes, sort of. because the sum of column D = 5,761 and there are 4 applications (5,761/4 = 1,440 avg premium per sale).. they would get 4 sale counts
User
26/01/2018 - 04:18
the average premium per sale is 360 or higher
User
26/01/2018 - 04:18
larger sales can lift the average for lower sales
User
26/01/2018 - 04:19
so they get a sale count for every $360 of annual premium but no more than the number of actual applications
Excelchat Expert
26/01/2018 - 04:22
please look
User
26/01/2018 - 04:23
ok
Excelchat Expert
26/01/2018 - 04:23
verage from D2 to D6 is above 360
Excelchat Expert
26/01/2018 - 04:23
he count will be 5
Excelchat Expert
26/01/2018 - 04:23
but the averagefrom D2 to D7 is less 360
Excelchat Expert
26/01/2018 - 04:23
then count remains 5 yes?
User
26/01/2018 - 04:24
thats correct
User
26/01/2018 - 04:25
does it work if all the premiums are $1,000 per year
Excelchat Expert
26/01/2018 - 04:25
yes
User
26/01/2018 - 04:25
to now equal 8 count/sale
User
26/01/2018 - 04:29
so it's basically... Count how many times $360 divides into sum of Annual Premium, but no more than number of appllications
Excelchat Expert
26/01/2018 - 04:30
guess i ve solved it
Excelchat Expert
26/01/2018 - 04:30
pls
User
26/01/2018 - 04:30
they will only enter annual premium if applicaion complete.
Excelchat Expert
26/01/2018 - 04:30
1 min pls
Excelchat Expert
26/01/2018 - 04:31
ready :)
Excelchat Expert
26/01/2018 - 04:31
ase check
Excelchat Expert
26/01/2018 - 04:31
please*
Excelchat Expert
26/01/2018 - 04:31
F and G are working columns dont delete them
Excelchat Expert
26/01/2018 - 04:31
just drag them down
User
26/01/2018 - 04:34
what does just drag down mean
User
26/01/2018 - 04:34
just select those and copy
Excelchat Expert
26/01/2018 - 04:35
i put formulas
Excelchat Expert
26/01/2018 - 04:35
yes
Excelchat Expert
26/01/2018 - 04:35
select the last one and copy down
Excelchat Expert
26/01/2018 - 04:35
i did
Excelchat Expert
26/01/2018 - 04:36
please don't forget to rate our session, Sir
Excelchat Expert
26/01/2018 - 04:36
once it ended
User
26/01/2018 - 04:37
i will for sure
User
26/01/2018 - 04:38
ok thank you!!! looks great!
Excelchat Expert
26/01/2018 - 04:38
thank you to for your patience!
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