You need to sell 90% of the books for the highest price to obtain a total profit of exactly $4700. You can follow below steps to add Outlook reference in Excel VBA: 1.
Click in the 'By changing cell' box and select cell C4. Click in the 'To value' box and type 4700.ĥ.
What if you want to know how many books you need to sell for the highest price, to obtain a total profit of exactly $4700? You can use Excel's Goal Seek feature to find the answer.Ĥ. That's how easy what-if analysis in Excel can be. Next, select cell D10 (total profit) for the result cell and click on OK.Ĭonclusion: if you sell 70% for the highest price, you obtain a total profit of $4100, if you sell 80% for the highest price, you obtain a total profit of $4400, etc. Click the Summary button in the Scenario Manager.Ģ. To easily compare the results of these scenarios, execute the following steps.ġ. Excel will change the value of cell C4 accordingly for you to see the corresponding result on the sheet. Note: to see the result of a scenario, select the scenario and click on the Show button. Next, add 4 other scenarios (70%, 80%, 90% and 100%).įinally, your Scenario Manager should be consistent with the picture below: Enter the corresponding value 0.6 and click on OK again.Ħ. Go back to the Microsoft Excel window you will view the Data Form button. Type a name (60% highest), select cell C4 (% sold for the highest price) for the Changing cells and click on OK.ĥ. Step 3: Select the Commands Not in the Ribbon from the Choose commands from drop down list Step 4: Find out the Form item from the command list Step 5: Click the Add button Step 6: Click the OK button to finish the customization. On the Data tab, in the Forecast group, click What-If Analysis.Ĥ. However, what-if analysis enables you to easily compare the results of different scenarios. Note: You can simply type in a different percentage into cell C4 to see the corresponding result of a scenario in cell D10. You can use the Scenario Manager to create these scenarios. Create Different Scenariosīut what if you sell 70% for the highest price? And what if you sell 80% for the highest price? Or 90%, or even 100%? Each different percentage is a different scenario. If you sell 60% for the highest price, cell D10 calculates a total profit of 60 * $50 + 40 * $20 = $3800.
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