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 $210 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 100 $210 101 150 $180 151 250 $165 251 and up $145 The file RSR contains 172 orders that have arrived for the coming six weeks. (a) Use the VLOOKUP function with the preceding pricing table to determine the total revenue (in dollars) from these orders. (b) Use the COUNTIF function to determine the number of orders in each price bin. Quantity Ordered From To Price per Roll Number of Orders 100 $210 101 150 $180 151 250 $165
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 $210 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 100 $210 101 150 $180 151 250 $165 251 and up $145 The file RSR contains 172 orders that have arrived for the coming six weeks. (a) Use the VLOOKUP function with the preceding pricing table to determine the total revenue (in dollars) from these orders. (b) Use the COUNTIF function to determine the number of orders in each price bin. Quantity Ordered From To Price per Roll Number of Orders 100 $210 101 150 $180 151 250 $165
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:DATAFile: RSR
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 $210 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
100
$210
101
150
$180
151
250
$165
251 and up
$145
The file RSR contains 172 orders that have arrived for the coming six weeks.
(a) Use the VLOOKUP function with the preceding pricing table to determine the total revenue (in dollars) from these orders.
(b) Use the COUNTIF function to determine the number of orders in each price bin.
Quantity Ordered
From
То
Price per Roll Number of Orders
100
$210
101
150
$180
151
250
$165
251
and up
$145
000
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