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.
Can you give an example? This sounds like exactly what I’ve always wanted.
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.
Index / Match gang represent. Much more flexible than Vlookup.
It’s shunned upon in the Excel pro scene (shout-out to my boi Makro), but xlookup can be used instead