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TROUBLE PROGRAMING A 20% DISCOUNT ON MY CASH REGISTER

I HAVE THE MANUAL THAT SAYS YOU CAN PROGRAM A 20% DISCOUNT ON THE REGISTER AS WELL AS A MARKUP BUT IT IS ONLY ALLOWING ME TO DO A MARK-UP & I JUST CAN SEEM TO FIGURE OUT HOW TO WORK ON THE DISCOUNT PART , I DONT NEED THE MARK-UP? DO YOU THINK YOU CAN SOLVE THE PROBLEM FOR ME?

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You can solve these type of problems in Excel just write a formulla in another column for example you type the princple values in Column A & Row 1 and you write a formulla in colomn B & row 1 i.e., =SUM((A1-(A1*20%))). Then you will arrive the value after discount.

Posted on Dec 17, 2008

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I must not understand what a margin is so could someone explain, the instructions give this example: If I purchase something for $2000 and want to make a 20% profit I would need to sell it for $2500 (2000...


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).

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