Margin and Markup Calculations
The 10bII+ can calculate cost, selling price, margin, or markup.
Table
Application | Keys | Description |
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Margin | À, ¼, ® | Margin is markup expressed as a |
| percent of price. | |
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Markup | À, ¼, Ã | Markup calculations are expressed |
| as a percent of cost. | |
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To see any value used by the margin and markup application, press vand 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?
Table
KeysDisplay Description
| GVVÀ | 255.00 | Stores cost in CST. |
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| D::¼ | 300.00 | Stores selling price in PRC. |
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® | 15.00 | Calculates margin. |
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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 | Calculating the retail price |
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Keys |
| Display | Description |
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| JdÀ | 19.00 | Stores cost. | |
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| S:Ã | 60.00 | Stores markup. | |
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Business Percentages 47