HP 12C#ABA hp 12c_solutions handbook_English_E.pdf - Page 94
Pricing Calculations, Markup and Margin Calculations
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Pricing Calculations Markup and Margin Calculations Sales work often involves calculating the various relations between markup, margin, selling price and costs. Markup is defined as the difference between selling price and cost, divided by the cost. Margin is defined as the difference between selling price and cost, divided by selling price. In other words, markup is based on cost and margin is based on selling price. The following keystroke sequences are given to readily make these calculations on the HP-12C. CALCULATE GIVEN KEYSTROKES Selling Price Cost & Markup Key in cost, , key in markup (in %), . Selling Price Cost & Margin Key in cost, (in %), 1 . , key in margin Cost Selling Price & Key in selling price, 1 Markup markup (in %0, . , key in Cost Markup Selling Price & Key in selling price, Margin margin (in %0, Cost and Selling Price Key in cost, 1 , key in . , key in selling price, . Markup Margin Key in margin, 1 . Margin Selling Price & Cost Key in selling price, , key in cost, . Margin Markup Key in markup, 1 . Example 1: If the cost of an item is $160 and the margin is 20%, what is the selling price? What is the markup? Keystrokes Display 160 160.00 Cost. 1 20 20.00 Margin (%). 200.00 Selling price. 20 20.00 1 25.00 Markup (%). 93