Markup on cost calculations, Keys, Using margin and markup together – HP 10B User Manual
Page 37: Display, Description, Example, Display: description
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Markup on Cost Calculations
Example.
The standard
markup
on costume jewelry at Kleiner’s
Knsmetique is 60%. They just received a shipment of chokers costing
$19.00 each. What is the retail price per choker?
Keys:
19 IC^
60
GIIS
Display:
Description:
19.00
Stores cost.
60.00
Stores markup.
30.40
Calculates retail price.
Using Margin and Markup Together
Example.
A food cooperative buys eases of canned .soup with an invoice
cost of $9.60 per ease. If the co-op routinely uses a 15%
markup,
for what
price should it sell a case of soup? What is the margin?
Keys:
9.6[CST|
15
[¡I!]
mD
Display:
9.60
15.00
11.04
13.04
Description:
Stores invoice cost.
Stores markup.
Calculates the price on a
case of soup.
Calculates
mar^u.
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2: Busines» Percentages