Question

In: Statistics and Probability

Copy and paste, or type, the following into cells A1:D5 of an Excel spreadsheet: Input data...

Copy and paste, or type, the following into cells A1:D5 of an Excel spreadsheet:

Input data
fixed cost	16,000	Units	1,050
variable cost per unit	4.75	revenue	=D2*B4
sell price per unit	6.5	expenses	=B2+(B3*D2)
		profit	=D3-D4

Use Excel's Goal Seek to answer the following question. Assuming that demand is fixed at 1,050 units, what is the sell price per unit that results in break even?

Enter only the numerical solution. Do

Expert Solution

Thank you for providing the data in this format! Very considerate!

The answer is:

sell price per unit

19.988

The data in excel(Actual)

The data in excel(Formulas)

Go to DATA - WHAT IF ANALYSIS - Goal Seek

The input for goal seek:

The output for goal seek:

Let me know in the comments if anything is not clear. I will reply ASAP! Please do upvote if satisfied!

orchestra answered 1 year ago

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