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

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.

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