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 60 1 61 120 121 240 241 and up Price per Roll $215 $195 $175 $155 Click on the datafile logo to reference the data. DATA file (a) Use the XLOOKUP 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 60 $215 61 120 $195 121 240 $175 241 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- 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 60 1 61 120 121 240 241 and up Price per Roll $215 $195 $175 $155 Click on the datafile logo to reference the data. DATA file (a) Use the XLOOKUP 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 60 $215 61 120 $195 121 240 $175 241 and up $155. 172
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter5: Buying The Necessities
Section: Chapter Questions
Problem 20AA
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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:
Quantity Ordered
From
To
1
60
61
120
121
240
241
and up
Price per Roll
$215
$195
$175
$155
Click on the datafile logo to reference the data.
DATA file
(a) Use the XLOOKUP 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
60
$215
61
120
$195
121
240
$175
241
and up
$155
172
13
0.0
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