Consider the following status of a retail store. The store is left with an inventory of 300 units and wants to dispose off them at suitable discount so that it realizes a profit of $3600 on its investment. Using the goal seek command, determine the discounted price to achieve the retailers goal. Investment Units Sold Selling Price Units Left Discount Rate for units left Profit $18,000.00 700 $24.00 Number Format 300

Consider the following status of a retail store. The store is left with an inventory of 300 units and wants to dispose off them at suitable discount so that it realizes a profit of $3600 on its investment. Using the goal seek command, determine the discounted price to achieve the retailers goal. Investment Units Sold Selling Price Units Left Discount Rate for units left Profit $18,000.00 700 $24.00 Number Format 300

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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