HP 10bII+ - Margin and Markup Calculations

Business Percentages
47
Margin and Markup Calculations
The 10bII+ can calculate cost, selling price, margin, or markup.
To see any value used by the margin and markup application, press v and then the key
you wish to see. For example, to see the value stored as À, press vÀ.
Margin Calculations
Example
Kilowatt Electronics purchases televisions for 255. The televisions are sold for 300. What is
the margin?
Markup on Cost Calculations
Example
The standard markup on costume jewelry at Kleiner’s Kosmetique is 60%. They just received
a shipment of chokers costing 19.00 each. What is the retail price per choker?
Table 3-6 Keys for margin and markup
Application Keys Description
Margin
À, ¼, ®
Margin is markup expressed as a
percent of price.
Markup
À, ¼, Ã
Markup calculations are expressed
as a percent of cost.
Table 3-7 Calculating the margin
Keys Display Description
GVVÀ
255.00 Stores cost in CST.
D::¼
300.00 Stores selling price in PRC.
®
15.0 0 Cal cul ates ma rg i n.
Table 3-8 Calculating the retail price
Keys Display Description
JdÀ
19.00 Stores cost.
S:Ã
60.00 Stores markup.