Sharp EL-120 Specifications download pdf (Page 58)

3. Enter the values of any two known variables as follows:

Unknown variable Known variables

COST SELL, and MARGIN or MARK UP

SELL COST, and MARGIN or MARK UP

MARGIN COST and SELL

MARK UP COST and SELL

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

and

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 Key operations Display

Bring up the initial dis-

play in NORMAL mode.

000

Select cost/sell/margin

markup calculations,

and set all the variables

to default values.

COST=

000

Enter cost.

455.6

COST=

45560

Enter markup rate.

MARK UP=

9500

Calculate selling price.

SELL=

88842

Answer: The selling price should be $888.42.

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Sharp EL-120 Specifications Page 58