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    Quantitative Methods

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    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 June 3, 2020, 7:59 pm ad1c9bdddf
    https://brainmass.com/statistics/quantative-analysis-of-data/quantitative-methods-business-startup-costs-120108

    Solution Summary

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

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