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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
- On the sheet of Goal Seek, find the way to achieve your 2017 profit goals.
- 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.
- At the blank Rows 1 & 2, merge some cells and add a title 2017 Sales Estimates.
- 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.
- 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.
- 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?
- The goal Seek is:
Price Increasing Rate: 10%
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