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.© BrainMass Inc. brainmass.com March 4, 2021, 7:44 pm ad1c9bdddf
Solution shows the calculation of volume required to meet the goal of 10% profit margin by using Goal Seek.