Hi,
Im really hoping that someone from this forum could help me arrive with an excel formula for my problem. Here's the Problem.
I have 10 apple pickers and each of them are expected to pick 20 apples a day, they receive $1 for each apple picked, but they can not get more than $20 even if they have picked more than 20 apples in a day.
I sell the apples for $1.5 each, with 10 employees picking 20 apples a day I expect to get a net income of $100 a day.
Net income = (10 apple pickers * 20 apples a day * $1.5) - (10 apple pickers * $20)
But my employees do not meet their target of 20 apples a day, on an average they can only pick 18 apples each a day.
I need a formula that would help me compute for how many extra employees do i need so i can always meet my net income of $100 a day given that my employees can only pick 18 apples a day.
Regards.
well the answer is 2 more
10*18 = 180 =$90 dollars profit $10 short ie 20 apples to get
200-180=20 so you need 1 more employee to pick 18 and the other just to pick 2
why do you want to do this in excel? is it homework?
Last edited by martindwilson; 06-10-2009 at 11:10 AM.
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Fire all your apple pickers! I will gladly pick apples if you are goining to pay a dollar per apple.
Each of your apple pickers income is governed by the following equation:
=if(apples >= 20, employeeIncome = 20, employeeIncome = apples)
You would next sum the total of all apple pickers income
=sum(applePickersIncome)
Income you expect to make = $100
Income made from selling apples = $1.50 * total apples picked
How much more income required = $100 - income made from selling apples.
I just created a much simpler example than my real problem. I have picked some ideas on how to solve my problem from the ideas that you have given.
Thanks a lot
Salam
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