Summary
Summary Unit 5 Assignment 2 Notes
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Important Formulas used within the Cheese Spreadsheet.
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/Buy in Euros and Sell in Pounds0.7 Euro = 1 Pound
Currency Conversions
Pounds * 1Euro = Euros
Example: £50 * €0.7 = €35
Euros / 1Euro = Pounds
Example: €35 / €0.7 = £50
Price of cheese in Pounds
Cost per Kilo in Pounds * 1.4 = Sale price per kilo
Example: £40 * 1.4 = £56
Profit/Loss
Sale price in Pounds – Cost per kilo in Pounds = Profit/Loss
Example: £56 - £40 = +£16
On average for each 10p rise in the sales price, the average monthly sales drops by 20 units
Average monthly sales
Sale price / 0.1 = Multiply Factor
Example: £.1 = 560
Multiply Factor * 20(number of units lost for every £0.10 added to the sale price) =
Dropped Units
Example: 560 * 20 = 11200
Dropped Units + Average monthly sales = Max Units
Example: 11200 + 900 = 12100
Max Units - Dropped Units = Calculated Average monthly sales
Example: 12100 – 11200 = 900
Cheese Cost per Kilo in Cost per Kilo in Pounds Average monthly sales
Euros based on a Euro to
Pound exchange rate of 0.7
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