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Setting a selling price based on cost price and order quantity

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    Setting a selling price based on cost price and order quantity

    Hi

    We want to set a selling price based on the cost price of the produce and the quantity ordered.

    I have 4 formulae based on this but it is clearly untidy and I'm sure there's a better way to do this. It would be great to have it as one formula looking at two cell references, one quantity the other cost price.

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    Any suggestions would be gratefully received.
    Last edited by Steven811; 07-11-2014 at 08:08 AM.

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    Re: Setting a selling price based on cost price and order quantity

    Why not use a matrix? Then you can just index/match the matrix for qty & cost price and get the factor out?
    Hope this helps

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    Re: Setting a selling price based on cost price and order quantity

    Hi Nathansav

    The formula is to be used by our web developer and I want to keep it simple and as idiot proof as possible. I can use a pricing matrix and the Lookup function but thought that a single formula could do the job, I just don't know how to do it as you can see.

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    Re: Setting a selling price based on cost price and order quantity

    Quote Originally Posted by Steven811 View Post
    I have 4 formulae based on this but it is clearly untidy and I'm sure there's a better way to do this. It would be great to have it as one formula [...].
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    For future reference, the formulas could have been simplified as follows (Qty 1 to 4, for example):
    =CostPrice*IF(CostPrice<=4.99,5,IF(CostPrice<9.99,3.75,3))

    But for the combined formula, try:
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    You can eliminate the IF(Qty<1,...) wrapper if Qty is never less than 1 (i.e. never empty).

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    Re: Setting a selling price based on cost price and order quantity

    What about this? (formula in A5 thru A16)
    Attached Files Attached Files

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    Re: Setting a selling price based on cost price and order quantity

    Thanks, that sorts the problem

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