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A new merchandise item in the store has no historical sales data. Since the demand for this item is price sensitive , the store manager
A new merchandise item in the store has no historical sales data. Since the demand for this item is price sensitive the store manager has asked you to figure out what price will break even or make a profit. Simulating sales can help you realize the minimum number of items you need to sell in order to cover costs, given the different price tags the store manager will put on the item.
Prices for this new item vary between $ and $ Between and units are expected to sell within the first month. The fixed costs of monthly sales are estimated to be $ and the variable cost per item is $ Use this data file darr to simulate all possible combinations of price and units sold. Use proper cell referencing to enter one formula the profit formula and copy it throughout the entire table. Do not use numbers in formulas. Use only cell references!
Next, after you've completed the table, create a copy of the worksheet in the same workbook. Title the copied sheet "Protected." Finally, protect this sheet using password
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