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On the sheet of Goal Seek , find the way to achieve your 2017 profit goals. Go back to Income Statement sheet. It must be

  1. On the sheet of Goal Seek, find the way to achieve your 2017 profit goals.
    1. Go back to Income Statement sheet. It must be completed by now. Copy the gray area (A3:G23). Go to the sheet of Goal Seek, and paste it at the cell A3.
    2. At the blank Rows 1 & 2, merge some cells and add a title 2017 Sales Estimates.
    3. The cell J3 should show a label Price Increasing Rate:, and J4 should show 5%. If they are not there because of your copying and pasting, please add them to your sheet at proper locations.
    4. Edit your data sheet and include 5% increase on Unit Price of all products. Make sure you use formula with reference to J4, where it shows the increasing rate of prices.
    5. Use the Goal Seek tool and see if we want to achieve a $125,000 net profit, what is the increasing rate of price we should apply in 2017?
  2. The goal Seek is:
    Price Increasing Rate:
    10%

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