Suppose that a company offers quantity discounts. If up to 1000 units are purchased, the unit price is $10; if more than 1000 and up to 5000 units are purchased, the unit price is $9; and if more than 5000 units are purchased, the unit price is $7.50. Develop a spreadsheet using the VLOOKUP function to find the unit price associated with any or-der quantity and compute the total cost of the order.
working notes | Answer | ||||||||
Order quantity | Price | Items | Description | Quantity Shipped | Unit Price | Extension | |||
0 | 10.00 | 10 | widgets-Red | 750 | 10.00 | 7500 | |||
1000 | 9.00 | 30 | widgets-Blue | 3500 | 9.00 | 31500 | |||
5000 | 7.50 | 80 | widgets-White | 5200 | 7.50 | 39000 | |||
TOTAL SALE | 78000 | ||||||||
Formula used | |||||||||
=VLOOKUP(E3,$A$3:$B$5,2,TRUE) | for unit price | ||||||||
=VLOOKUP(E4,$A$3:$B$5,2,TRUE) | for unit price | ||||||||
=VLOOKUP(F5,$A$3:$B$5,2,TRUE) | for unit price | ||||||||
=G6*H6 | for extension | ||||||||
=G7*H7 | for extension | ||||||||
=G8*H8 | for extension | ||||||||
=SUM(I6:I8) | for total sale | ||||||||
Suppose that a company offers quantity discounts. If up to 1000 units are purchased, the unit...
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