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: From Quantity Ordered To 30 Price per Roll 1 31 60 61 120 121 and up $215 $195 $175 $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 31 61 32 80 $215 $195 120 $175 121 and up $155 172 Hint(s) Check My Work
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: From Quantity Ordered To 30 Price per Roll 1 31 60 61 120 121 and up $215 $195 $175 $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 31 61 32 80 $215 $195 120 $175 121 and up $155 172 Hint(s) Check My Work
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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:
From
Quantity Ordered
To
30
Price per Roll
1
31
60
61
120
121
and up
$215
$195
$175
$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
31
61
32 80
$215
$195
120
$175
121
and up
$155
172
Hint(s) Check My Work
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