Find the profit function when the cost function is given by C(x)=2x-56 and the revenue function is given by R(x)=x^2+45, where x is the number of the items to be produced and sold. Given that p=-x^2+6x+9 is the price of x items and the cost of x is given by C(x)=...
Find andreplace function is avery helpful feature introduced by excel. It has proved to be very beneficial in overcoming several problems regarding organizing and storing data in excel.It is a quiet simple technique and helps excel users in removing unwanted text from theirdata by following the st...
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By applying the formula as described and converting the ratios into percentages, I was able to quickly identify the products that had the highest sales-to-production ratios. This allowed me to prioritize those products for further analysis and strategic decision-making. The autofill feature also sav...
Explaining formula in cell E3 TheCOUNTIFS functioncalculates the number of cells across multiple ranges that equals all given conditions. There is a criteria range and a condition forming a pair, our Excel table has three columns so wee need three pairs in order to find matching records in the...
Method 1 – Insert Simple Formula to Compute Production Cost As the formula for production cost is a simple addition operation, we can use a simple formula to calculate it. STEPS: To simplify the formula, we will find the manufacturing cost first. ...
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Method 5 – How to Subtract Percentages in Excel Use the following formula to subtract necessary percentage numbers from the percentage in cellC4. =$C$4-E7-F7 Apply the following formula to find the net salary with the net salary percentage. ...
Suppose you have a list of student IDs and names and need to find a student's name based on their ID. Step 1:Type =VLOOKUP(ID,CHOOSE({1,2},B6:B12,C6:C12),2,0) into a cell. In this formula, WPS Excel is instructed to fetch the student's name that matches a particular ID. ...
Value engineering is primarily focused on the use, cost, esteem, and exchange values. The ultimate formula for value is often defined as function divided by cost, with value engineering striving to maximize function while minimizing cost.