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Price 2500 Demand Unit Coat 1575 Fixed Cost 65000 Revenue (Demand * Price) Variable Cost Profit How to use Goal Seek Project 24: Breaking Even

Price 2500
Demand
Unit Coat 1575
Fixed Cost 65000
Revenue (Demand * Price)
Variable Cost
Profit

How to use Goal Seek

Project 24: Breaking Even

Mountain Cycle specializes in making custom mountain bikes. The company founder, P. J. Steffan, is having a hard time making the business profitable Knowing that you have great business knowledge and solid financial sense, P. J. has come to you for advice. P. J. would like you to determine how many bikes Mountain Cycle needs to sell per year to break even. Using Goal Seek in Excel, solve using the following: Fixed cost equals $65,000 Variable cost equals $1575 Bike price equals. $2,500

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