Example 1.8-3– Chapter Review – Discount Pricing
Sales!
A
1
2
3
4
5
6
7
8
B
C
D
E
F
G
H
I
J
senior
sales
total
sale
senior
sale
discount discount discount sales
Grand
Sale# amount$ discount category value
value
used
value
tax
Total
1 $ 28.99
TRUE
F
$
4.35 $
$
4.35 $ 24.64 $ $ 24.64
2 $ 137.50 FALSE
F
$
$ 13.75 $ 13.75 $ 123.75 $ $ 123.75
3 $ 21.00 FALSE
O
$
$
$
$ 21.00 $ 2.52 $ 23.52
4 $ 499.99 FALSE
O
$
$ 75.00 $ 75.00 $ 424.99 $ 51.00 $ 475.99
5 $ 89.98 FALSE
O
$
$
$
$ 89.98 $ 10.80 $ 100.78
6 $ 234.50
TRUE
O
$ 35.18 $ 35.18 $ 35.18 $ 199.33 $ 23.92 $ 223.24
7 $ 32.54 FALSE
F
$
$
$
$ 32.54 $ $ 32.54
As the owner of a small convenience store you have
started to keep track of store sales including
recording of the discounts which apply to each sale.
Your pricing is such that sales are discounted based
on the sales amount, as given in table data. The only
exception to this is where a senior discount is
applied (for those eligible customers over the age of
65). Seniors will receive greater of either the sales
discount or the senior discount. Fill in the formulas
as required to complete your sales recording system.
1
2
3
4
5
6
7
8
9
10
11
A
Description
food
other
B
C
Category % of total
F
0%
O
12%
Discounts
Senior Discount
12%
Sales Discount
<$100
> $100 but < $200
$200 or more
0%
10%
15%
Data!
1. Write an Excel formula in cell SalesE2, which can be copied down the column,
to determine the value of the senior discount. Only seniors are eligible for this discount.
Senior status is indicated in column C on sheet sales!. The senior discount percentage in
given on sheet data, non seniors receive no discount. (Note the ‘-‘ display is the currency
format for the value $0). =IF(C2,data!B$6*sales!B2,0)
2. Write an Excel formula in cell Sales!F2, which can be copied down the column, to determine
the value of the sales discount. As indicated on sheet data, sales of less than $100 receive no
discount, sales of at least $100 but less than $200 receive a 10% discount of the sale amount,
and sales of $200 or more receive a 15% discount of the sale amount.
=IF(B2<100,data!B$9,IF(B2<200,data!B$10*B2,data!B$11*B2))
3. Write an Excel formula in cell Sales!G2, which can be copied down the column, to
determine the discount amount used. The discounted value used will be the greater of the
two different discounts (senior discount or sales discount). (**challenge – try to do this
without an IF).. =MAX(E2:F2)
4. Write an Excel formula in cell Sales!H2, which can be copied down the column, to determine
total sale value after the discount. =B2-G2
5. Write an Excel formula in cell Sales!I2, which can be copied down the column, to determine
the sales tax on this item. Sales tax rates are listed by category on sheet data. Categories for
each sale are listed in column D. =IF(D2="f",data!C$2,data!C$3*sales!H2)
6. Write an Excel formula in cell J2, which can be copied down the column, to determine the
value of the sale including tax rounded to the nearest cent. =ROUND(H2+I2,2)