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- oot 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 То Price per Roll 1 100 $215 101 200 $195 201 400 $175 401 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. (b) Use the COUNTIF function to determine the number of orders in each price bin. From To Price per Roll Number of Orders 1 100 $215 101 200 $195 201 400 $175 401 and up $155 172
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- oot 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 То Price per Roll 1 100 $215 101 200 $195 201 400 $175 401 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. (b) Use the COUNTIF function to determine the number of orders in each price bin. From To Price per Roll Number of Orders 1 100 $215 101 200 $195 201 400 $175 401 and up $155 172
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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Question
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![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
1
100
$215
101
200
$195
201
400
$175
401
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.
(b) Use the COUNTIF function to determine the number of orders in each price bin.
From
To
Price per Roll
Number of
Orders
1
100
$215
101
200
$195
201
400
$175
401
and up
$155
172](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1239e44a-977c-4228-89d1-1748c45b7f7e%2F26b23c48-6763-4c06-b7c3-d573e9096cf6%2F2zgkqnq_processed.png&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
1
100
$215
101
200
$195
201
400
$175
401
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.
(b) Use the COUNTIF function to determine the number of orders in each price bin.
From
To
Price per Roll
Number of
Orders
1
100
$215
101
200
$195
201
400
$175
401
and up
$155
172
![Order
Quantity Order
Quanity
Quanity Order
Order
Quanity
Order
Quanity
Order
Quanity
Order
Quanity
Order
Quanity
Quantity
Ordered
1.
86
21
451
44
490
67
324
90
11
113
256
136
383
159
37
Price per
2
452
22
32
45
94
68
500
91
264
114
337
137
52
160
305
From
To
Roll
492
23
181
46
285
69
60
92
14
115
419
138
282
161
348
1
100
$215
4
191
24
163
47
237
70
117
93
177
116
171
139
188
162
85
101
200
$195
356
25
336
48
101
71
466
94
193
117
278
140
52
163
135
201
400
$175
6
148
26
240
49
53
72
370
95
427
118
184
141
106
164
288
401
and up
$155
342
27
68
50
257
73
293
96
320
119
357
142
346
165
454
382
28
317
51
273
74
164
97
347
120
368
143
277
166
238
276
29
435
52
415
75
63
98
64
121
409
144
484
167
38
10
118
30
211
53
346
76
252
99
430
122
100
145
208
168
451
11
464
31
76
54
133
77
394
100
282
123
154
146
229
169
374
12
188
32
374
55
287
78
109
101
66
124
160
147
311
170
437
13
25
33
415
56
431
79
233
102
457
125
239
148
450
171
184
14
427
34
408
57
113
a0
340
103
377
126
186
149
304
172
455
15
30
35
196
58
197
81
430
104
15
127
383
150
379
167
38
16
111
36
302
59
6.
82
210
105
333
128
156
151
15
168
451
17
161
37
312
60
328
83
363
106
23
129
217
152
99
169
374
18
314
38
31
61
114
84
120
107
230
130
452
153
324
170
437
19
442
39
317
62
207
85
429
108
378
131
111
154
151
171
184
20
429
40
394
63
273
86
113
109
136
132
208
155
179
172
455
21
451
41
348
64
257
87
391
110
250
133
317
156
460
22
32
42
49
65
113
88
375
111
377
134
60
157
441
23
181
43
500
66
400
89
487
112
388
135
185
158
309](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1239e44a-977c-4228-89d1-1748c45b7f7e%2F26b23c48-6763-4c06-b7c3-d573e9096cf6%2Fl58yug_processed.png&w=3840&q=75)
Transcribed Image Text:Order
Quantity Order
Quanity
Quanity Order
Order
Quanity
Order
Quanity
Order
Quanity
Order
Quanity
Order
Quanity
Quantity
Ordered
1.
86
21
451
44
490
67
324
90
11
113
256
136
383
159
37
Price per
2
452
22
32
45
94
68
500
91
264
114
337
137
52
160
305
From
To
Roll
492
23
181
46
285
69
60
92
14
115
419
138
282
161
348
1
100
$215
4
191
24
163
47
237
70
117
93
177
116
171
139
188
162
85
101
200
$195
356
25
336
48
101
71
466
94
193
117
278
140
52
163
135
201
400
$175
6
148
26
240
49
53
72
370
95
427
118
184
141
106
164
288
401
and up
$155
342
27
68
50
257
73
293
96
320
119
357
142
346
165
454
382
28
317
51
273
74
164
97
347
120
368
143
277
166
238
276
29
435
52
415
75
63
98
64
121
409
144
484
167
38
10
118
30
211
53
346
76
252
99
430
122
100
145
208
168
451
11
464
31
76
54
133
77
394
100
282
123
154
146
229
169
374
12
188
32
374
55
287
78
109
101
66
124
160
147
311
170
437
13
25
33
415
56
431
79
233
102
457
125
239
148
450
171
184
14
427
34
408
57
113
a0
340
103
377
126
186
149
304
172
455
15
30
35
196
58
197
81
430
104
15
127
383
150
379
167
38
16
111
36
302
59
6.
82
210
105
333
128
156
151
15
168
451
17
161
37
312
60
328
83
363
106
23
129
217
152
99
169
374
18
314
38
31
61
114
84
120
107
230
130
452
153
324
170
437
19
442
39
317
62
207
85
429
108
378
131
111
154
151
171
184
20
429
40
394
63
273
86
113
109
136
132
208
155
179
172
455
21
451
41
348
64
257
87
391
110
250
133
317
156
460
22
32
42
49
65
113
88
375
111
377
134
60
157
441
23
181
43
500
66
400
89
487
112
388
135
185
158
309
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