I have a spreadsheet with items with their price and quantity bought. I want to include a discount with multiple tiers, based on how much items have been bought, and have a small table where I can define quantity and a discount that applies to that quantity. Which Excel functions should I use?
Response:
You can achieve this in Excel using the VLOOKUP or INDEX-MATCH functions along with the IF function.
Create a table with quantity and corresponding discounts.
Use VLOOKUP or INDEX-MATCH to find the discount based on the quantity in your main table.
Use IF to apply different discounts based on quantity tiers.
I have a spreadsheet with items with their price and quantity bought. I want to include a discount with multiple tiers, based on how much items have been bought, and have a small table where I can define quantity and a discount that applies to that quantity. Which Excel functions should I use?
Response:
You can achieve this in Excel using the VLOOKUP or INDEX-MATCH functions along with the IF function.
Create a table with quantity and corresponding discounts.
Use VLOOKUP or INDEX-MATCH to find the discount based on the quantity in your main table.
Use IF to apply different discounts based on quantity tiers.
That’s really cool, I gotta try that in the future. Thanks!
It’s shunned upon in the Excel pro scene (shout-out to my boi Makro), but xlookup can be used instead
Index / Match gang represent. Much more flexible than Vlookup.