HP 10bII - Page 36

Using
Margin
and
Markup
Together
Example.A food cooperative buys cases of canned soup with an invoice
cost of $9.60 per case. If the co-op routinely uses a 15% markup, for what
price should it sell a case of soup? What is the margin?
Keys:
Display:
Description:
OCO 9.60 Stores invoice cost.
CGU)
15.00
Stores
markup.
RO) 11.04 Calculates the price on
a case of soup.
тс] 13.04 Calculates margin.
36 2: Business Percentages