HP 10bii+ Margin/Markup bug
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04-08-2021, 07:01 AM
(This post was last modified: 04-08-2021 07:35 AM by Gamo.)
Post: #24
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RE: HP 10bii+ Margin/Markup bug
The HP-37E Financial Calculator I believe that this is the only HP calculator that
can calculate between Mark Up and Margin by the use of the [PRICE] function. If you have the 37E User's Handbook this [PRICE] feature on page 10 This user manual never memtion the term call " Margin " instead it called Markup based on selling price. --------------------------------------------------- Example from manual: Harry's Bait and Tackle Shop can purchase crab pots for $5.60. If Harry desires to maintain a markup of 60% based on the selling price, how much is the selling price? 60 [ENTER] display 60.00 // Enter markup then cost. 5.6 [f] [PRICE display 14.00 // Selling price. So the 60% is the "Margin" and 5.6 is the "Cost" The formula for PRICE is X ÷ [1 - (Y ÷ 100) ] where x is the purchase cost and y is markup based on selling price. -------------------------------------------------- On page 11 shown how to convert beween Mark Up and Margin As state in the manual: You many want to convert the percent of markup from a selling cost base to a purchase cost base or vice versa. You can do this with the [PRICE] key. Let's look at two examples. 1. If an item is sold at a 30% markup based on selling price, what is the equivalent markup based on cost? 30 [ENTER] display 30.00 // % markup based on selling price. [f][PRICE] display 42.36 // % markup based on purchase cost. 2. If an item is sold at a 70% markup based on the purchase cost, what is the equivalent markup based on sellin price? 70 [CHS] [ENTER] display -70.00 // Change sign of markup based on cost and [ENTER] [CHS] dispaly 70.00 // Now the Y- and X-registers have the correct values for the calculation [f] [PRICE] display 41.18 // % markup based of selling price. Remark: Example #2 basically is to convert Markup to Margin so in order to use Markup the value must enter as negative by [CHS] key. --------------------------------------------------- Gamo |
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