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The Goal Seek Instrument in Excel
You can use Goal Seek when you know the result you want to get after using a certain formula, but you don’t know the values of the operands. Excel will change the values in a particular cell as it searches for the operands until the formula gives you the result you want.
To understand how this tool works, we should create a simple scenario. Let’s say you’re a salesman and you need to sell ten thousand pounds worth of items by the end of the month to get a bonus. Let’s say you’ve sold three thousand pounds worth of items and the item costs £2.60. True, it would be much easier to calculate everything with (10000-3000)/2.6 and get the result, but the advantage of Goal Seek is that you can create the formula once and then change the data to get the goal. much faster.
Here is what you need to do when using this instrument. First, you select the cell with the formula and then run the Tools/Goal Lookup sequence to display your goal lookup. The following list describes the entries for each object in this box: Set cells (set cells) shows the location of the formula you use to achieve the final goal. In this case, the formula is in D7 and it multiplies the number of objects sold by their price. Then enter a value in the Recipient Value field and indicate the target cell location in the Change Cell field. Then press Enter or OK. This is when Excel starts looking for the target you specified.
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