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How to use margin button

I want to use the margin button on calculator but don't know how it works.

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I am trying to figure out how to use the Cost, Sell, and margin buttons on this calculator...any insight?


I haven't used a calculator with these functions, so let's do a test.

I'm guessing is it for doing basic accounting. The equation is Sales - Costs = Gross Profit and maybe Gross Profit / Sales = Gross Margin.

If we enter 100 in sell, 40 in cost, does the margin come out to be 60 or 0.6? If it comes out to 60, the margin is the Gross Profit. If it comes out to 0.6, then the margin is Gross Margin.

Good luck,

Paul

May 12, 2016 | Office Equipment & Supplies

1 Answer

I would like to know what the key above the margin key is for. Can you tell me?


It's used for time calculations. See Example 2 on the second page of the manual.

Jul 29, 2012 | Canon P23-DHV Calculator

1 Answer

How do I reset my Left Margin, It is stuck


PRESS BUT DON'T HOLD the MAR REL key.

DickyO

Feb 16, 2012 | Nakajima AE-740 Typewriter

1 Answer

Buttons on my TI- 84 Plus Silver Edition are not working. I can turn on the device but the buttons don't seem to work. I can't graph at all, or do anything.


Hi
if you can turn on and then click on the on button and this is the only ket that works then its an hardware problem and it can be fixed
let me know if you want to fix

ecrdn@yahoo.com

Jack

Jun 27, 2011 | Texas Instruments TI-84 Plus Silver...

1 Answer

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).

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

1 Answer

I have an EC-100 S Ibico Calculator. How do I use the GPM button to calculate margin?


Kelly,

For GPM on ibico EC-100 S:

Enter Price
Hit Minus Key
Enter Cost
Hit GPM Key to get GPM

Oct 07, 2009 | Ibico EC-100S Calculator

1 Answer

Cost..Margin..etc.


download the user manual (P23-DH III) from here:
http://rapidshare.com/files/181603396/P23DHIII.PDF.html

Nov 01, 2008 | Canon P23-DH Calculator

2 Answers

How do I use the Cost/Sell/Margin function on my Canon P100-DH 2 desktop printing calculator? Please for the love of god help me.


Cost/Sell / Margin can be very confusing it uses the following Account formulas (For Cost = Selling price - ( Selling price / Markup) For Sell = Selling Price =Cost / (1-Margin%))

It is not a pure percentage. Please respond back if you have any other questions.

Apr 22, 2008 | Office Equipment & Supplies

1 Answer

Instructions on How To Use a 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

Oct 18, 2007 | Office Equipment & Supplies

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