Sharp EL-738 Operation Manual page 58

3. Enter the values of any two known variables as follows:
Unknown variable
COST
SELL
MARGIN
MARK UP
1
* Because only either MARGIN or MARK UP is used in any
cost/sell/margin/markup calculation, the unused variable
is given a value of "----------". Initially, MARK UP is set to
"----------". If you enter a value for MARK UP, MARGIN is set
to "----------", and vice versa.
4. Move to the variable you wish to calculate, using the z
and i keys, and press @ to calculate.
Determining selling price
In a furniture business, it is desirable to realize a 95% markup
from cost to retail price for each item. A certain sofa costs
$455.60. What should its selling price be?
Procedure
Bring up the initial dis-
play in NORMAL mode.
Select cost/sell/margin
markup calculations,
and set all the variables
to default values.
Enter cost.
Enter markup rate.
Calculate selling price.
Answer: The selling price should be $888.42.
57
Known variables
SELL, and MARGIN or MARK UP
COST, and MARGIN or MARK UP
COST and SELL
COST and SELL
Key operations
s
I . b
455.6 Q
i i i 95
Q
z z @
1
*
1
*
Display
000
COST=
000
COST=
45560
MARK UP=
9500
SELL=
88842