Sharp EL738C EL-738 Operation Manual - Page 58

Determining selling price

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3. Enter the values of any two known variables as follows: Unknown variable Known variables COST SELL, and MARGIN or MARK UP *1 SELL COST, and MARGIN or MARK UP*1 MARGIN COST and SELL MARK UP COST and SELL *1 Because only either MARGIN or MARK UP is used in any cost/sell/margin/markup calculation, the unused variable is given a value of Initially, MARK UP is set to If you enter a value for MARK UP, MARGIN is set to and vice versa. 4. Move to the variable you wish to calculate, using the z and i keys, and press @ to calculate. Determining selling price In a furniture business, it is desirable to realize a 95% markup from cost to retail price for each item. A certain sofa costs $455.60. What should its selling price be? Procedure Key operations Display Bring up the initial dis- s play in NORMAL mode. 000 Select cost/sell/margin I . b markup calculations, and set all the variables to default values. COST= 000 Enter cost. 455.6 Q COST= 45560 Enter markup rate. i i i 95 Q MARK UP= 9500 Calculate selling price. z z @ SELL= 88842 Answer: The selling price should be $888.42. 57

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57
3.
Enter the values of any two known variables as follows:
Unknown variable
Known variables
COST
SELL, and MARGIN or MARK UP
SELL
COST, and MARGIN or MARK UP
MARGIN
COST and SELL
MARK UP
COST and SELL
Because only either MARGIN or MARK UP is used in any
cost/sell/margin/markup calculation, the unused variable
is given a value of “----------”. Initially, MARK UP is set to
“----------”. If you enter a value for MARK UP, MARGIN is set
to “----------”, and vice versa.
4.
Move to the variable you wish to calculate, using the
z
and
i
keys, and press
@
to calculate.
Determining selling price
In a furniture business, it is desirable to realize a 95% markup
from cost to retail price for each item. A certain sofa costs
$455.60. What should its selling price be?
Procedure
Key operations
Display
Bring up the initial dis-
play in NORMAL mode.
s
000
Select cost/sell/margin
markup calculations,
and set all the variables
to default values.
I
.
b
COST=
000
Enter cost.
455.6
Q
COST=
45560
Enter markup rate.
i
i
i
95
Q
MARK
UP=
9500
Calculate selling price.
z
z
@
SELL=
88842
Answer:
The selling price should be $888.42.
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1
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1
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