HP 12C Instruction Manual page 3

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HP 12C Cost, Price, and Markup Calculations

Answer:

The markup is 53.85% for a $300 price given that is costs $195.

Example 2: The store manager wants to sell more TV sets and wants to reduce the price. If she cannot reduce the

markup below 40%, so what is the lowest price for this TV set? Assume the same $195 cost.

Solution:

The keystroke sequence to calculate the lower price in this case is:

195 \ 40 b +

Answer:

The lowest price for this TV set is $273 given a 40% markup and a $195 cost.

Example 3: Based on these figures, the store manager decides to sell the TV set for $289.99. What is the markup with

this price?

Solution:

The following keystroke sequence calculates the markup with the new price:

195 \ 289.99à

Answer:

With the new price, the applied markup is 48.71%.

Example 4: A new stereo system has a $150.75 sales price. Given a 53% markup for this stereo system, what must be

its cost?

Solution:

The keystroke sequence to calculate the cost with these figures is:

150.75 \ 1 \ 53 b + z

Answer:

The cost of this stereo system is $98.53.

Example 5: When calculating the price of a toaster, a 32% margin is expected on each sale. What is the markup to be

applied to the cost of a toaster to obtain this margin?

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HP 12C Cost, Price, and Markup Calculations - Version 1.0

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