B G Goal Seek Status 1 PROBLEM 3: CALCULATE THE 'REQUIRED MORE SALES' OF A STORE KEEPING GOAL OF 'AVG SALES = $55000'. ( 2 3 Goal Seeking with Cell B18 4 MONTHLY TOTAL SALES OF A STORE 5 PRODUCTS SALES 6 APPLE $72,450 7 SAMSUNG $47,350 8 NOKIA $18,932 9 NIKON $37,540 10 CANON $53,123 11 SONY 12 PHILIPS 13 HITACHI 14 LENOVO 15 BENQ 16 IBM 17 REQUIRED MORE SALES 18 AVG SALE $77,899 $25,000 $64,350 $81,990 $15,430 $78,950 -335544.32| $52,092 20 21 2222 OK may not have found a solution. Target value: 55000 Cancel Current value: $52,092 Step Pause M
B G Goal Seek Status 1 PROBLEM 3: CALCULATE THE 'REQUIRED MORE SALES' OF A STORE KEEPING GOAL OF 'AVG SALES = $55000'. ( 2 3 Goal Seeking with Cell B18 4 MONTHLY TOTAL SALES OF A STORE 5 PRODUCTS SALES 6 APPLE $72,450 7 SAMSUNG $47,350 8 NOKIA $18,932 9 NIKON $37,540 10 CANON $53,123 11 SONY 12 PHILIPS 13 HITACHI 14 LENOVO 15 BENQ 16 IBM 17 REQUIRED MORE SALES 18 AVG SALE $77,899 $25,000 $64,350 $81,990 $15,430 $78,950 -335544.32| $52,092 20 21 2222 OK may not have found a solution. Target value: 55000 Cancel Current value: $52,092 Step Pause M
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
Related questions
Question
How would this get solved? How would I goal seek? What formula would need to be used? I'm practicing formulas because i'd like to get into finance at some point and I'm stuck on this practice question,

Transcribed Image Text:B
G
Goal Seek Status
1
PROBLEM 3: CALCULATE THE 'REQUIRED MORE SALES' OF A STORE KEEPING GOAL OF 'AVG SALES = $55000'. (
2
3
Goal Seeking with Cell B18
4 MONTHLY TOTAL SALES OF A STORE
5
PRODUCTS
SALES
6 APPLE
$72,450
7
SAMSUNG
$47,350
8 NOKIA
$18,932
9 NIKON
$37,540
10 CANON
$53,123
11 SONY
12 PHILIPS
13 HITACHI
14 LENOVO
15 BENQ
16 IBM
17 REQUIRED MORE SALES
18 AVG SALE
$77,899
$25,000
$64,350
$81,990
$15,430
$78,950
-335544.32|
$52,092
20
21
2222
OK
may not have found a solution.
Target value: 55000
Cancel
Current value: $52,092
Step
Pause
M
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