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KelvinMorel
Helper II
Helper II

Salesmen yearly interest rate average target

Dear,

 

I'm having issues to create some reports, I should need to report Salesmen yearly interest rate average target fixed by the business [2,5%] but I don't know how should I even calculate it, for instance: salesman can have, or should have, multiple sales in a year and each sale has different contract's length and/or interest rate as following:

 

Salesman 1
* Customer A: Contract for 4 years - rate of 4,52%
* Customer B: Contract for 2 years - rate of 10,23%
* Customer C: Contract for 6 years - rate of 2,10%

 

Salesman 2
* Customer A: Contract for 6 years - rate of 4,52%
* Customer B: Contract for 8 years - rate of 10,23%
* Customer C: Contract for 10 years - rate of 2,10%

 

If I had to calculate the average interest rate of these 2 salesmen I would say both salesmen have the same average interest rate 5,616% but this is not correct because I'm not taking in consideration the length of contracts, I really don't know how to get around this.

 

Could please someone help me out?

1 ACCEPTED SOLUTION
MarcelBeug
Community Champion
Community Champion

How about a weighted average?

 

Salesman 1: (4 * 4,52% + 2 * 10,23% + 6 * 2,10%) / (4 + 2 + 6) = 4,262%

Salesman 2: (6 * 4,52% + 8 * 10,23% + 10 * 2,10%) / (6 + 8 + 10) = 5,415%

Specializing in Power Query Formula Language (M)

View solution in original post

2 REPLIES 2
MarcelBeug
Community Champion
Community Champion

How about a weighted average?

 

Salesman 1: (4 * 4,52% + 2 * 10,23% + 6 * 2,10%) / (4 + 2 + 6) = 4,262%

Salesman 2: (6 * 4,52% + 8 * 10,23% + 10 * 2,10%) / (6 + 8 + 10) = 5,415%

Specializing in Power Query Formula Language (M)

View solution in original post

Hi Marcel,

 

Like that one, I will try this for sure.

 

Thx

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