Sharp EL-738 operation manual 45560, 9500, 88842, Determining selling price

Page 58

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 ikeys, 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

 

 

000

play in NORMAL mode.

 

 

 

 

 

 

 

Select cost/sell/margin

I.b

 

 

markup calculations,

 

 

 

COST=

and set all the variables

 

 

 

 

 

 

000

to default values.

 

 

 

 

 

 

 

 

Enter cost.

455.6

Q

 

COST=

 

 

 

 

 

 

45560

 

 

 

 

 

Enter markup rate.

iii

95

MARK UP=

 

 

Q

 

 

9500

 

 

 

 

 

 

 

 

Calculate selling price.

zz@

 

SELL=

88842

Answer: The selling price should be $888.42.

57

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Contents EL-738 Page Contents Introduction Operational NotesKey Notations in This Manual Using the .andKeys Resetting the calculator Resetting the Calculator In Case of DifficultyPreparing to Use the Calculator Calculator layout Calculator and Display LayoutKey operation keys Display layout 2ndFSET UP Menu Selecting the display notation and number of decimal places000 33333330003 Selecting the angular unit seeOperating Modes Selecting a modeOperations available in each mode Selecting the date format see9000 14000343 Basic Calculations⋅ ⋅ Delete keyCursor keys Editing and Correcting an EntryMemory clear key Playback function500 ErrorsMemory use in each mode for memory calculations 192Last answer memory ANS Temporary memories A-H, X-ZIndependent memory M TVM variablesMemory calculations Statistical variablesExample Key operation General Information Financial calculationsVariables used in financial calculations Variables shared among calculationsTVM variables N, I/Y, PV, PMT, FV Basic variable operationsListed financial variables ENT and Comp symbols Category Display symbols DescriptionsCash flow diagrams Compound interestTVM Time Value of Money Solver Setting the payment period payment dueVariable Corresponding Description Default Variable key Variables used in the TVM solverBasic examples for the TVM solver Calculating basic loan interest5600000 120024000 44000125586 4008000 Calculating basic loan paymentsFV= 360020000 Calculating future value1000000 1002000 376889Annuity due BGN Specifying payments dueOrdinary annuity END Ordinary annuity360 180030000000 162457014500 240029950 299500627995 3400150000 Calculating down payment and amount to borrow550 3000090000 14655892Amortization Calculations Variable Description Default valueVariables used in amortization 61656 8895148600 104852203428 170048275524 3844574800 1724476Single cash flows Discounted Cash Flow AnalysisEntering cash flow data Repeated cash flows300 000*2200 Confirming and editing dataDeleting data 2500000Editing data Inserting dataVariables used in discounted cash flow analysis 3000000600000 NPV and IRRTo obtain NPV Procedure Key operation Display Bring up the initial disPlay in Normal mode To obtain IRR2314 Calculating the present value of variable cash flows662752 Bond Calculations Setting the day-count methodVariables used in bond calculations To obtain bond price Price PV To obtain yield to maturity Yield I/Y15-2023 65010000 720728 9250Entering dates Variables used in depreciation calculations Setting the depreciation methodDepreciation Calculations Key operation DescriptionPage 5000000 3000Calculating straight-line depreciation To change APR to EFF 1956Conversion between APR and EFF To change EFF to APRDay and Date Calculations Variables used in day and date calculationsCalculating number of days 10-200922800 Answer 228 daysPercent Change/Compound Interest Cal- culations Procedure Key operation Display Move to the last dateCalculate 5467 750000011600000 800000Cost/Sell/Margin/Markup Calculations 980000113 Variables used in cost/sell/margin/markup calcula- tions88842 455609500 Determining selling priceVariables used in breakeven calculations Breakeven CalculationsCalculating the breakeven point 12000 15000007580 33937Constant Calculations Chain Calculations5000 087071 4500Random dice Random FunctionsRandom numbers Random coinModify Function 532Random integer For a two-variable data set x value y value J Entering statistical dataFor a single-variable data set Key operation Sub-mode DisplayEntering statistical data 1000 2000 Linear regression calculations Statistical Calculations and VariablesSingle-variable statistical calculations Quadratic regression calculationVariables Content 17857 53000Single-variable statistical calculation Linear regression calculation Quadratic regression calculation Amortization calculations Financial Calculation FormulasTVM solver Discounted cash flow analysisBond calculations Conversion between APR and EFF Depreciation calculationsDay and date calculations Cost/Sell/Margin/Markup calculations Statistical Calcula- tion FormulasBreakeven calculations Syntax error Error Errors and Calculation RangesError codes and error types Calculation error ErrorDisplay error Error Equation too long ErrorNo solution Error Input value error ErrorCalculation ranges of functions Function Calculation rangeInteger Battery Replacement When to replace the batteryAutomatic power-off function Replacement procedurePriority Levels in Calculations For more information about business/ financial calculators SpecificationsKey operation and calculation priority Index Formulas, 72-75 FV, 18, 22, 72 GRAD, 8, 9, 61 Memo
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