Suppose that a company offers quantity discounts. If up to 1,000 units are purchased, the unit price is

$11;

if more than 1,000 and up to 5,000 units are purchased, the unit price is

$9.00;

and if more than 5,000 units are purchased, the unit price is

$7.50.

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.

Question content area bottom

Part 1

Complete the formulas in the spreadsheet below. Select the correct VLOOKUP function in cell C8 to find the unit price for the order quantity.

(Type integers or decimals rounded to two decimal places as needed.)

	A	B	C	D
1		Purchase Quantity		Unit Price
2	1	to	1000	$enter your response here
3	1001	to	5000	$enter your response here
4	5001	or more		$enter your response here
5
6	Quantity Ordered	2100
7
8	Unit Price	=VLOOKUP(B6,$A$2:$D4,4,1) =VLOOKUP(B6,$A$2:$D4,1,0) =VLOOKUP(B6,$A$2:$A4,1,0) =VLOOKUP(B6,$A$2:$A4,4,1)
9	Total Cost	=B8+B6 =B8*B6 =B8*MAX(D2:D4) =B8*A4