This is how you can use a data analysis tool in excel. This means that you need to sell the product at the value of 11/unit rather than 10/unit. Therefore, to get a profit of 30,000, you need to increase the selling price by 1/unit. This signifies that the SOLVER has solved your problem.

You find that there is a result window that opens on the screen.

With the help of shifting the cell value to B2.

Confirm B7 as the objective cell that has the value of 30,000.

In the below example, we have the list of product units, total cost, unit price, and the total profit. It works just as a goal seeks within excel. The Solver is the data analysis tool that is used for solving problems. Steps to use data analysis tool in excel Example 1: Using Solver

Now, you will see that there is a Data Analysis Command access on the Data tab.

Select Quit and always restart Excel to restart its working.

If the Analysis ToolPack is not installed on the system, select the Yes to install it on your computer.If there is no Analysis ToolPack option within the Add-Ins box, select Browse to find it out.An Add-Ins box will be available on your screen, choose the Analysis ToolPack option, then click on the OK button.Select the Tool menu to find the excel Add-Ins option.To unleash the Toolpak in excel for mac, you need to follow the following steps: How to add data analysis tool in Excel Mac? The two different options will be available on the screen below the data ribbon.

All the available Analysis Toolpak will open on your screen. Now, you will find a new dialogue box open on your screen.

Data analysis excel toolpak