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Points or benchmark grading schemes?

I was asked today by one of my instructional designers if there was a way to create a grading scheme without using percentages for the course.  Instead they wanted to use benchmarks or points/scores accumulated, for example:

0-99 points is an F

100-199 is a D

200-299 is a C

300-399 is a B

400 and above is an A

In this case the total possible points does not matter, its more about meeting certain point benchmarks and once they are met your grade will increase based off the points the student has earned.

Is this possible in Canvas?

Looking at the guides and going into Canvas myself i only see percentages as a possible for assigning a letter grade using a grading scheme.  Anyone have any insight on this?

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