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Suppose that a company offers quantity discounts. If up to​ 1,000 units are​ purchased, the unit price is ​$1010​; if more than​ 1,000 and up to​ 5,000 units are​ purchased, the unit price is ​$9.509.50​; and if more than​ 5,000 units are​ purchased, the unit price is ​$5.505.50. Develop an Excel template using the VLOOKUP function to find the unit price associated with any order quantity and compute the total cost of the order.

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Answer:

Ans. Ready to download, please see the file attached to this document

Explanation:

Note. Consider changing the cell in yellow, does not make sense, it could be 10100 instead of 1010

Hi, to design this sheet, I also used the and(...) function of MS excel, in which you declate that in order to select a certain answer, 2 or more conditions must be true, in our case, if a purchase is up to 1000, the price would be $1010 (consider changing this value, maybe to 10100), if the purchase is more than 1000 and less than 5000, the price is $9,509.50, and if is more than 5000 units, the price would be $5,5005.50.

Please check the formula for further clarifications.

Best of luck.

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