I'm a salesperson that calculates cost + markup = selling price all the time. I bought this calculator because this function was included. The instructions on the back say to punch in 29.24 CST (under the SEL row) and then 20 MAR (for the 20% margin or markup), which the box says should equal $36.55. HOWEVER: Cost: 29.24 Margin / markup: 20% = 5.848 Sell: 29.24 + 5.848 = 35.088 What gives? Obviously something is programmed wrong or the instructions are somehow wrong.

Re: Determine Selling Price doesn't work

The computer is not broken and is correct saying what the sales price is. If you work backwards from selling price and take 20% off, then you get 29.24. The program is a generally accepted accounting principle (GAAP) that has markup not from cost, but from retail. You have been doing it wrong all these years and have been giving your customers a better deal. Play with the numbers and you will see what I mean.

Posted on Oct 26, 2006

Re: Determine Selling Price doesn't work - Office Depot KS-1000 Calculator Calculators

What is93.75/6.25

Posted on Dec 20, 2007

Re: Determine Selling Price doesn't work

A 20% "markup" is actually an increase of 25%. Clubned is correct, you are not adding 20% to your cost. A 20% markup treats your cost as a 20% reduction from your marked up price. 25% of 29.24 is 7.31 29.24 + 7.31 is 36.55 20% of 36.55 is 7.31 The calculator and instructions are correct. It's doing a financial calculation.

Posted on Feb 08, 2007

Re: Determine Selling Price doesn't work

BethLeg, I believe 29.24 + 5.848 is really 35.088. There is a mistake on the box!

Posted on Oct 02, 2006

Hi,

Let's set up a table to see it (sorry, I'm a visual learner;)

Selling Price $2.50 x

Unit Cost $1.00 $1.25

-------

Gross Profit $1.50 x - 1.25

Gross Margin 60% 60%

Time for some algebra;)

x - 1.25 0.6

---------- = -------

x 1

Now we can cross-multiply or multiply both sides by x to get rid of the fraction.

x - 1.25 = 0.6 x

Subtract 0.6x from both sides and add 1.25 to both sides to get the variables on one side and the constants on the other.

x - 0.6 x = 1.25

0.4x = 1.25

Divide both sides by 0.4 to get x by itself.

x= 1.25

------

0.4

x= 3.125

Good luck.

Paul

Let's set up a table to see it (sorry, I'm a visual learner;)

Selling Price $2.50 x

Unit Cost $1.00 $1.25

-------

Gross Profit $1.50 x - 1.25

Gross Margin 60% 60%

Time for some algebra;)

x - 1.25 0.6

---------- = -------

x 1

Now we can cross-multiply or multiply both sides by x to get rid of the fraction.

x - 1.25 = 0.6 x

Subtract 0.6x from both sides and add 1.25 to both sides to get the variables on one side and the constants on the other.

x - 0.6 x = 1.25

0.4x = 1.25

Divide both sides by 0.4 to get x by itself.

x= 1.25

------

0.4

x= 3.125

Good luck.

Paul

Feb 12, 2015 | Calculators

That's a markup on price procedure.

Follow link to Casio Support.

Casio Support

Follow link to Casio Support.

Casio Support

Aug 01, 2014 | Casio MS-10VC Calculator

15%. Here's how: The game is selling for $68 instead of the regular $80 price or 68/80 (sixty-eight eightieths) of full price. 68 divided by 80 = .85 which is 85%. This means $68 represents 85% of $80. 100(%) - 85(%) = 15(%) That means that $68 is a 15% discount from $80.

Check the work by multiplying 80 by 15% (80 x .85) = 68.

Check the work by multiplying 80 by 15% (80 x .85) = 68.

May 28, 2014 | Calculators

It may just be that the calculator is too old and some of its hardware is no longer in top shape. It may be time to get another one. TI has a very beautiful calculator the TI Nspire CAS that display 65000 colors. Casio too has a color calculator the Prizm. The prices are not too high compared to the selling price of the old TI83Plus.

Apr 07, 2012 | Texas Instruments TI-82 Calculator

The keyword is 40% OFF.That means the price you paid is only 100%-40%=60% of the full price.

Let x be that full price.

Then 60% of x is .6*x, and it is equal to 6600

The equation is .6*x=6600 and

x=6600/.6= 11 000dollars

Let x be that full price.

Then 60% of x is .6*x, and it is equal to 6600

The equation is .6*x=6600 and

x=6600/.6= 11 000

Sep 09, 2011 | Calculators

if you want 10% of 100 multiply 100 X .10

20% of 100 multiply 100 X .20

25% of 100 multiply 100 X .25

so you get a price markup of 20% for a 100$ product 100 X.20 = 20 then add the original 100 + the 20 you got from your multiplication and you have $120.00

20% of 100 multiply 100 X .20

25% of 100 multiply 100 X .25

so you get a price markup of 20% for a 100$ product 100 X.20 = 20 then add the original 100 + the 20 you got from your multiplication and you have $120.00

May 23, 2011 | Casio FX-260 Calculator

Hi,

I think you should refer to you definitions. The 20% is called the markup. The profit margin is calculated with respect to the revenue. So you should divide the 400$ by 2400$ to get a net profit margin of 400/2400 =0.1667 or 16.67% (And we are not taking into account the taxes).

Margin = Markup /(price + Markup)

Markup = Margin* (Price +Markup)

Markup = Margin*Markup + Margin* Price

Markup*(1-Margin) =Margin*Price

Markup = Margin*Price/( 1-Margin)

For Price =2000, Margin =0.2 (that is 20%)

Markup = 0.2*2000(1-0.8) =0.2*2000/0.8

Markup = 2000*(0.2/0.8)= 2000*0.25 = 500

Thus to have a (net) profit margin of 20%, an item costing 2000$ must be marked up by 500$.

Try not to reason with numbers. Write the defining relation and use algebra to isolate for the variable you seek.

Hope it helps.

Thank you for using Fixya and for rating this solution.

I think you should refer to you definitions. The 20% is called the markup. The profit margin is calculated with respect to the revenue. So you should divide the 400$ by 2400$ to get a net profit margin of 400/2400 =0.1667 or 16.67% (And we are not taking into account the taxes).

Margin = Markup /(price + Markup)

Markup = Margin* (Price +Markup)

Markup = Margin*Markup + Margin* Price

Markup*(1-Margin) =Margin*Price

Markup = Margin*Price/( 1-Margin)

For Price =2000, Margin =0.2 (that is 20%)

Markup = 0.2*2000(1-0.8) =0.2*2000/0.8

Markup = 2000*(0.2/0.8)= 2000*0.25 = 500

Thus to have a (net) profit margin of 20%, an item costing 2000$ must be marked up by 500$.

Try not to reason with numbers. Write the defining relation and use algebra to isolate for the variable you seek.

Hope it helps.

Thank you for using Fixya and for rating this solution.

Nov 30, 2009 | Canon P23-DH Calculator

Hold the % key till the set letters come up, then press TAX + , then type in your new rate then press the % key again to set the rate. hope this helps.

Jun 16, 2008 | Casio HS-8V Calculator

Ok I looked for ages for how these keys work and once you knwo how it is quite simple.

say something costs 100, enter 100 then press the cost button

say you want a margin of 25% then enter 25% and press the mgn button the result is the selling price 133.33

So to reverse it enter 133.33 press the sell button

Enter 25% and press the mgn button

result is 99.99 cost price (100) bar a cent/penny

and finally to work out margin

enter 100 press cost button

enter 133.33 press sell button

result is 24.99 which is the percentage margin

Simple isn't it

say something costs 100, enter 100 then press the cost button

say you want a margin of 25% then enter 25% and press the mgn button the result is the selling price 133.33

So to reverse it enter 133.33 press the sell button

Enter 25% and press the mgn button

result is 99.99 cost price (100) bar a cent/penny

and finally to work out margin

enter 100 press cost button

enter 133.33 press sell button

result is 24.99 which is the percentage margin

Simple isn't it

Oct 18, 2007 | Calculators

Oct 31, 2013 | Office Depot KS-1000 Calculator

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