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+-- Forum: HP Calculators (and very old HP Computers) (/forum-3.html)
+--- Forum: HP Prime (/forum-5.html)
+--- Thread: Breakeven Point Equation Error (/thread-10297.html)
Breakeven Point Equation Error - Carsen - 03-09-2018 03:27 AM
In the HP Prime's Help system and User's Guide, they both state that the calculator uses the equation Fixed + Quantity * Cost=Quantity*Sales + Profit in the Break-even Point solver. However, this equation does not yield the same result as the solver nor does it give the correct answer.
I believe the correct equation would be similar to Fixed + Quantity * Cost=Quantity * Sales - Profit.
In short, the HP Prime gets the correct answer. Only the equation displayed in the help system and the User's Guide is incorrect. I'm pointing this out to help HP.
On a side note, thank you HP for this powerful Finance APP! I'm cutting through problems like butter with it. I use the Prime all the time now. Fantastic machine. I also recommended the Prime to a friend of mine and he LOVES it too.
RE: Breakeven Point Equation Error - Gene - 03-09-2018 03:47 AM
Yep, typo!
Of course, the equation is usually written out as:
Sales Price * Quantity - Cost * Quantity - Fixed = Profit
Might as well present it in an "income statement" format rather than the balance form as shown in the guide. Great catch on the + there. :-)
RE: Breakeven Point Equation Error - Tim Wessman - 03-09-2018 08:13 PM
Thanks! I've passed it along for correction.
Glad you are liking the new finance app. As far as I can tell, it is now the best finance "calculator" ever made by anyone now.
RE: Breakeven Point Equation Error - Gene - 03-09-2018 09:22 PM
Other than it being larger than my favorite 12c... I am very inclined to agree with you.
Although the 10bII+ runs a close (non-RPN) second.
The PRIME finance app is VERY well done.