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helpppp [1 Points] Eastman Publishing Company is considering publishing an electronic textbook about spreadsheet applications for business. The fixed cost of manuscript preparation, textbook design,
helpppp [1 Points] 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 $145,000. Variable processing costs are estimated to be $5 per book. The publisher plans to sell single-user access to the book for $43. 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 =4,0006p, where p is the price of the e-book. (a) Construct an appropriate spreadsheot model for calculating the profit/oss at a given single-user accoss 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). 5 (b) Use Goal Seek to calculate the price (in doliars) that results in breakeven. (Round your answer to the nearest cent.) (c) Use a data table that varies price from $50 to $400 in increments of $25 to find the price (in deilars) that maximizes profit
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