Excel/Excel Solver

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Question
Hi Aidan,

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!


Claude

Answer
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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Aidan Heritage

Expertise

I have provided first hand support since `95 for Microsoft Office majoring in Word and Excel - support for all versions from 2 onwards. I'm based in the UK, so please allow for time differences when asking me questions from other parts of the world!

Experience

My background is in the insurance industry and call centre areas, but have been called upon to provide many varied solutions.

Education/Credentials
I'm educated to UK A level standard, but as I left school some 30 years ago that is rather irrelevent - university of life has provided more of a background!

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