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Excelfunctions 4

The document outlines an IF function to determine if orders need to be placed for products based on their end inventory levels. It also describes a VLOOKUP function to find unit prices and total costs based on quantity discounts, along with a SUMPRODUCT function to calculate the total cost of eight orders. The pricing structure varies depending on the number of units ordered, with different unit prices for different order quantities.

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mistyleung1124
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13 views2 pages

Excelfunctions 4

The document outlines an IF function to determine if orders need to be placed for products based on their end inventory levels. It also describes a VLOOKUP function to find unit prices and total costs based on quantity discounts, along with a SUMPRODUCT function to calculate the total cost of eight orders. The pricing structure varies depending on the number of units ordered, with different unit prices for different order quantities.

Uploaded by

mistyleung1124
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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IF function: For each product, if the end inventory is less than or

equal to 50 units, enough units are ordered to bring stock back up


to 200; otherwise, no units of that product are ordered

Order placed # of units


Product End inventory (yes or no)? ordered
1 100
2 40
3 20
4 70

VLOOKUP function: Find unit price and total cost. Assume there is a
quantity discount policy in force: for orders less than 300 units, the
unit price is $3; for orders of at least 300 units but less than 400,
the unit price is $2.50; for orders of 400 units or more, the unit
price is $2. Lookup table
Order # Units sold Unit price Total cost Order bounds
1 373 0
2 475 300
3 459 400
4 441
5 238
6 349
7 344
8 203

SUMPRODUCT function:
Calculate total cost of the 8
orders using two columns: Units
sold and Unit price
Total cost of 8
orders
Lookup table
unit price
3
2.5
2

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