Question: You will create your own worksheet in Excel for this assignment. A new merchandise item in the store has no historical sales data. Since the
You will create your own worksheet in Excel for this assignment.
A new merchandise item in the store has no historical sales data. Since the demand for this item is price sensitive the store manager is interested in
figuring out what price will break even or make a profit. Simulating sales can help you realize the minimum number of items you need to sell in order
cover costs, given different price tags the store manager will put on the item.
Price can vary between $ and $ Between and units are expected to sell within the first month. Flxed casts of monthly sales estimated
be $ and cost per item is $ Build a table for this problem and simulate all possible combinations of price and units sold. Use proper cell
referencing to enter one formula and copy it to the entire table. For the number of units sold use unit increments dots, Properly label
all data entries. Do not use a number informulas. Use cell reference!
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
