Please help with the numbers given below! 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 80 $215 81 160 $195 161 320 $175 321 and up $155 Click on the datafile logo to reference the data. (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 80 $215 81 160 $195 161 320 $175 321 and up $155 172
Please help with the numbers given below! 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 80 $215 81 160 $195 161 320 $175 321 and up $155 Click on the datafile logo to reference the data. (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 80 $215 81 160 $195 161 320 $175 321 and up $155 172
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Transcribed Image Text:Please help with the numbers given below! 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
80
$215
81
160
$195
161
320
$175
321
and up $155
Click on the datafile logo to reference the data.
(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
80
$215
81
160
$195
161
320
$175
321
and up
$155
172
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