How are you?
I thought you might be able to help me on this one. I want to use the Solver in Excel to calculate cell A1.
Name of cells:
A1 = Sales
A2 = Cost = 1,000$
A3 = Commission (5% of Sales)
A4 = Net profit (A4 = A1-A2-A3 AND 10% of Sales)
The only constant is Cost = 1,000$.
The target cell is A1. We want the amount of Sales that will produce a net profit of 10% of Sales.
Thanks for the question Claude - all is well here!
To use Solver, I think you are going to need to use A5 as well - into which enter =a4/a1
Solver should THEN work by letting you change A1 to get A5 to be a value of .1
The answer I got for this using solver (If I've understood the question correctly) is 1176.46726045588 - not very round, but I don't think you can get an exact answer on this one! I didn't totally follow A4 - I've used =A1-A2-A3 as my formula which I think is what you meant.
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