Eastman Publishing Company is considering publishing an electronic textbook about spreadsheet applications for business. The fixed cost of manuscript preparation, textbook design, and

web site construction is estimated to be $$149,000.$ Variable processing costs are estimated to be $$5$ per book. The publisher plans to sell single$-$user access to the book for $$45.$

Through a series of web$-$based experiments, Eastman has created a predictive model that estimates demand as a function of price. The predictive model is demand $=4,000-6p,$ where $p$

is the price of the e$-$book.

$($a$)$ Construct an appropriate spreadsheet model for calculating the profit$/$loss at a given single$-$user access price taking into account the above demand function. What is the profit

estimated by your model for the given costs and single user access price $($in dollars$)?$

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$($b$)$ Use Goal Seek to calculate the price $($in dollars$)$ that results in breakeven. $($Round your answer to the nearest cent.$)$

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$($c$)$ Use a data table that varies price from $$50$ to $$400$ in increments of $$25$ to find the price $($in dollars$)$ that maximizes profit.

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