Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculate the Loyalty Discount % in cell F16. Notice that the discount rates depend both on the loyalty status of the customer (gold or silver)

Calculate the Loyalty Discount % in cell F16. Notice that the discount rates depend both on the loyalty status of the customer (gold or silver) and the total price of the items purchased (cell F14). Construct your formula so that it will correctly calculate the loyalty percentage regardless of the Loyalty Status and Total Price of Items in the Model Inputs.

Calculations Model Inputs Transaction Information Customer Information Loyatly Status Loyalty Cash Available $14.54 Silv

Calculations Model Inputs Transaction Information Customer Information Loyatly Status Loyalty Cash Available $14.54 Silver # Items Purchased Total Price of Items $175.23 Sales Tax Rate Sale Worksheet 3. Number of Items Purchased Total Price of Items 3 Use Loyalty Cash? Payment Method $175.23 6.75% Yes Cash Loyalty Discount % Loyalty Discount $ Loyalty Program Discount Rates Silver Gold Sale Total Discount Sale Total Discount Discounted Subtotal Sales Tax 2% 2% Transaction Total 50 3% 25 3% 100 4% 50 4% Payment Worksheet 200 5% 100 5% Transaction Total $175.23 200 10% Loyalty Cash Applilied Balance After Loyalty Cash Cash Discount Total Due from Customer Credit Worksheet: Beginning Loyalty Cash Loyalty Cash Used Loyalty Cash Eamed Ending Loyalty Cash $0.00

Step by Step Solution

3.41 Rating (151 Votes )

There are 3 Steps involved in it

Step: 1

The formula for loyalty discount is LOOKUP with nested IF func... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Basic Business Statistics Concepts And Applications

Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel

12th Edition

132168383, 978-0132168380

More Books

Students also viewed these General Management questions

Question

briefly explain the operation of CSMA / CD protocol with diagram

Answered: 1 week ago