Question

Fisher Company offers discounts for customers who order larger quantities of product in a single order. Each customer must order units in multiples of 50 units. The following table shows the discount for each product each product sold by Fisher and the minimum quantity required to be ordered for the customer to receive the discount. For each customer, indicate the discount that the customer qualifies for (if any). Use the IF and a nested HLOOKUP function.

Answer 1

The question requires calculating customer discounts using IF and nested HLOOKUP functions, based on quantity ordered, ensuring the minimum quantity is met for the discount to apply.

Step-by-step explanation:

The student's question pertains to the calculation of discounts using IF and nested HLOOKUP functions in a spreadsheet program. To determine the discount for each customer, one would need to use the HLOOKUP function to look up the discount rate based on the quantity ordered and then apply the IF function to validate whether the minimum quantity requirement for a discount is met. For example, you might use HLOOKUP to find the discount percentage by searching across a row that corresponds with the ordered quantity, and then use IF to check if the actual order quantity meets the minimum required for the discount to apply.

If the minimum is not met, the IF function would return no discount or 0%. The nested structure allows you to combine these steps into a single formula, automating the discount process based on each customer's order quantity. Remember to adjust the parameters of the HLOOKUP function to match the structure of your discount table, and ensure that the multiple of 50 units condition is also accounted for in the calculation.