HP 10bII+ User Manual page 56

Table 3-8 Calculating the retail price
Keys
¼
Using Margin and Markup Together
Example
A food cooperative buys cases of canned soup with an invoice cost of 9.60 per case. If the
co-op routinely uses a 15% markup, for what price should it sell a case of soup? What is the
margin?
Table 3-9 Calculating the margin
Keys
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48 Business Percentages
Display Description
30.40 Calculates retail price.
Display Description
9.60 Stores invoice cost.
15.00 Stores markup.
1 1.04 Calculates the price on a case of
soup.
13.04 Calculates margin.