Question: please help with excel step-by-step (detailed) much appreciated **IMPORTANT** PLEASE MAKE SURE TO USE EXCEL WITH FORMULAS ELE Books sells paperback books for $7 each.

please help with excel step-by-step (detailed) much appreciated **IMPORTANT** PLEASE MAKE SURE TO USE EXCEL WITH FORMULAS

ELE Books sells paperback books for $7 each. The variable cost per book is $5. At current annual sales of 200,000 books, the publisher is just breaking even. It is estimated that if the authors' royalties are reduced, the variable cost per book will drop by $1 per unit. Assume authors' royalties are reduced and sales remain constant; how much more money can the publisher put into advertising (assume as a fixed cost) and still reach a break even?
  • A. $400,000
  • B. $333,333
  • C. $160,000
  • D. $200,000
  • E. $600,000

PLEASE HELP WITH EXCEL STEP-BY-STEP (IN FULL detail) much appreciated **IMPORTANT** I WANT TO LEARN

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