Table 3-8

Calculating the retail price

 

 

 

 

Keys

Display

Description

 

 

 

¼

30.40

Calculates retail price.

 

Using Margin and Markup Together

Example

A food cooperative buys cases of canned soup with an invoice cost of 9.60 per case. If the co-op routinely uses a 15% markup, for what price should it sell a case of soup? What is the margin?

Table 3-9 Calculating the margin

KeysDisplay Description

d7SÀ

9.60

Stores invoice cost.

 

 

 

 

JVÃ

15.00

Stores markup.

 

 

 

 

¼

11.04

Calculates the price on a case of

 

soup.

 

 

 

®

13.04

Calculates margin.

 

 

 

 

48 Business Percentages