(a) Use the VLOOKUP function with the preceding pricing table to determine the total revenue from these orders. 710 (b) Use the COUNTIF function to determine the number of orders in each price bin. To Number of From Price per Roll Orders 1 80 $215 13 81 160 $195 15 161 320 $175 37 321 and up $155 107 172
(a) Use the VLOOKUP function with the preceding pricing table to determine the total revenue from these orders. 710 (b) Use the COUNTIF function to determine the number of orders in each price bin. To Number of From Price per Roll Orders 1 80 $215 13 81 160 $195 15 161 320 $175 37 321 and up $155 107 172
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Solve this question:
![Richardson Ski Racing (RSR) sells equipment needed for downhill ski racing. One of RSR's products is fencing used on downhill courses.
The fence product comes in 150-foot rolls and sells for $215 per roll. However, RSR offers quantity discounts. The following table shows
the price per roll depending on order size:
Quantity Ordered
From
To
Price per Roll
80
$215
81
160
$195
161
320
$175
321
and up
$155
Click on the datafile logo to reference the data.
DATA file
(a) Use the VLOOKUP function with the preceding pricing table to determine the total revenue from these orders.
710
(b) Use the COUNTIF function to determine the number of orders in each price bin.
From
To
Price per Roll
Number of
Orders
1
80
$215
13
81
160
$195
15
161
320
$175
37
321
and up
$155
107
172](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F664df048-11ac-4194-8b93-75a2cc61bb41%2F0d48c7e2-3f32-41c5-bd04-f3fa0a295eeb%2Fgzty1ke_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Richardson Ski Racing (RSR) sells equipment needed for downhill ski racing. One of RSR's products is fencing used on downhill courses.
The fence product comes in 150-foot rolls and sells for $215 per roll. However, RSR offers quantity discounts. The following table shows
the price per roll depending on order size:
Quantity Ordered
From
To
Price per Roll
80
$215
81
160
$195
161
320
$175
321
and up
$155
Click on the datafile logo to reference the data.
DATA file
(a) Use the VLOOKUP function with the preceding pricing table to determine the total revenue from these orders.
710
(b) Use the COUNTIF function to determine the number of orders in each price bin.
From
To
Price per Roll
Number of
Orders
1
80
$215
13
81
160
$195
15
161
320
$175
37
321
and up
$155
107
172
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