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Default Range of data in Excel

I want to count the number of occurances based on multiple queries.
1) Column A contains list of items (Let us say 25 items)
2) Column B contains the grades (1,2,3,4). matching against each of the
listed item. Let us assume that grade1 costs $4, grade2 costs $8, grade3
costs $12 and grade4 costs $16.
3) Column C contains the percentage at which each of these items are sold.
Let us say the least percentage of an item sold is 78% and highest percentage
at which an item sold is 121%.

I am trying to come out with a matrix of how many
grade1/grade2/grade3/grade4 items sold with percentages <80, between 80-100,
between 100-120 and 120

To put that in a simple question,
How many of grade3 items sold between the percentage 80 to 100?

I have tried many formulae, but not successful to capture this information.
Please let me know how to extract this data for analysis.

 
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