enter the given data in a spreadsheet and calculate the quantity of books to get the revenue of 50000 using goal seek
Answers
Explanation:
The Goal Seek Excel function (often referred to as What-if-Analysis) is a method of solving for a desired output by changing an assumption that drives it. The function essentially uses a trial and error approach to back-solving the problem by plugging in guesses until it arrives at the answer. For example, if the formula for revenue is equal to the number of units sold multiplied by the selling price, Goal Seek can determine how many units have to be sold to reach $1 million of revenue, if the selling price is known. The function is extremely useful for performing sensitivity analysis in financial modeling.
Answer:
Suppose we have a very basic modal units tha the number of units sold ,the outail price ,and a discount to calculate total net revenue