discuss how you would apply excel formula or create formula

discuss how you would apply excel formula or create formula to solve the scenario. Be specific! PLEASE SHOW THE THE ANSWER STEP BY STEP IN EXCEL. THANK UOU!!

o You wish to calculate the commission on sales. The commission is 6% on all sales that are at least 20% above cost. o You wish to calculate the total pay for an employee who receives regular time for 40 hours, time and a half for 40-50 hours, and double time for hours over 50. o You have a list of contracts and due dates for annual maintenance fees. You wish to determine when you have a contract due in the next 45 days and provide a note that warns you that the payment is due.

Solution

1.

IF(sales>=1.2*cost,6%*sales,0)

2.

IF hours =< 40 then , pay = hours*regularpay

IF hours >40 and <50, then pay=hours*1.5*regularpay

IF hours>50, pay then pay = hours*2*regularpay

3.

IF(Duedate-currentdate<45,\"Payment is Due\")