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Quantitative Methods

Joe has started an iphone booth in the mall. His francise booth and other startup costs total $82,000. Joe expects to pay $240 per iphone unit and sell them for $390 each. Joe needs to reach a 10% profit margin. Use Goal Seek to determine what volume Joe needs to meet his goal.

Solution Summary

Solution shows the calculation of volume required to meet the goal of 10% profit margin by using Goal Seek.