Monroe 7130 - Applications: Advanced Business Math; Markup with Constant Gross Margin

Applications
Markup with Constant
Gross Margin
(Constant gross margin is stored in
Memory)
What is the selling price of items that cost
$23.50, $45.23, $10.79 and $4.50 based
on a gross margin of 42%?
Decimal selector @ 2
Enter Depress Print
Ι* 0.00 Ι *
42 Ι+ 42.00 Ι +
23.50 x 23.50 x
Mu 42.00 % MU
(Profit) 17.02 MU
(Seling Price) 40.52 *
42.53 x 45.23 x
Mu 42.00% MU
(Profit) 32.75 MU
(Selling Price) 77.98 *
10.79 x 10.79 x
Mu 42.00% MU
(Profit) 7.81 MU
(Selling Price) 18.60 *
4.50 x 4.50 x
Mu 42.00% MU
(Profit) 3.26 MU
(Selling Price) 7.76 *
Ι* 42.00 Ι *
Select Code One Σ x
Decimal selector @ 2
Example: Summation of first factors
to Memory
(2 x 3.00) = 6.00
(4 ÷ 2.00) = -2.00
4.00
(3
÷ 2.00) = 1.50
Σ x = 9
Enter Depress Print
SET UP
(Σx Switch ON) 1 ….1….
* 0.00 *
Ι * 0.00 Ι *
2 x 2.00 x
3 =+ 3.00 = +
6.00 * *
4 ÷ 4.00 ÷
2 =- 2.00 =-
2.00 *
3 = 3.00 =
1.50 *
* 4.00 *
Ι * 9.00 Ι *
SET UP
(Σx Switch OFF) 1 ….1….