PERCENT MARK-UP BASED ON COST (
Calculate the selling price and the gross profit from the cost of $8,160 on the basis of a 15% profit on
the selling price.
Calculation method:
8160
=
Selling price
1 –
100
ENTER
8160
15
PERCENT MARK-UP BASED ON SELLING PRICE (
Calculate the cost and the gross profit from the selling price of $9,780 on the basis of 20% profit of
the cost.
Calculation method:
=
9780
= ➀
Cost
+
20
1
100
ENTER
9780
20
14
= ➀
15
DEPRESS
Grossprofit
DEPRESS
)
8160
=
Grossprofit
15
1 –
100
DISPLAY
8'160.
9'600.00
1'440.00
)
=
9780
9780 –
+
20
1
100
DISPLAY
9'780.
8'150.00
1'630.00
= ➁
– 8160
➀
➁
= ➁
➀
➁