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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- 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
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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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
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
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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