Explanation
Goal Seek can also determine the number of units that need to be sold to achieve a target profit.
Data
|
Input |
Value |
|
Quantity |
100 |
|
Selling Price |
₹800 |
|
Cost per Unit |
₹500 |
|
Fixed Cost |
₹10,000 |
Formula
Profit
=(B2*B3)-(B2*B4)-B5
Suppose the target is:
₹50,000 Profit
Goal Seek:
- Set cell: Profit
- To value: 50000
- By changing cell: Quantity
Important
If the quantity must be a whole number, round or adjust the resulting value appropriately.
Practice
Find the quantity required for:
- ₹30,000 profit
- ₹50,000 profit
- ₹75,000 profit