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Here's how to use the MU/MD key. Say you want your item that COSTS you $120 to be priced such that you end up with a 40% margin. MU'MD calculates the final price to achieve the margin.
Enter: 120 X Enter: 40 MU'MD
Result: 200.00
Proof: 200 - 120 = 80 / 200 = 40%
Essentially the same as using the COST/ SELL/ MAR keys.
The Casio HR-100Tm manual is pretty pathetic. Expected a better one on their website, but alas.
I haven't used a calculator with these functions, so let's do a test.
I'm guessing is it for doing basic accounting. The equation is Sales - Costs = Gross Profit and maybe Gross Profit / Sales = Gross Margin.
If we enter 100 in sell, 40 in cost, does the margin come out to be 60 or 0.6? If it comes out to 60, the margin is the Gross Profit. If it comes out to 0.6, then the margin is Gross Margin.
Hi, I think you should refer to you definitions. The 20% is called the markup. The profit margin is calculated with respect to the revenue. So you should divide the 400$ by 2400$ to get a net profit margin of 400/2400 =0.1667 or 16.67% (And we are not taking into account the taxes).
Cost/Sell / Margin can be very confusing it uses the following Account formulas (For Cost = Selling price - ( Selling price / Markup) For Sell = Selling Price =Cost / (1-Margin%))
It is not a pure percentage. Please respond back if you have any other questions.
Ok I looked for ages for how these keys work and once you knwo how it is quite simple.
say something costs 100, enter 100 then press the cost button say you want a margin of 25% then enter 25% and press the mgn button the result is the selling price 133.33
So to reverse it enter 133.33 press the sell button Enter 25% and press the mgn button result is 99.99 cost price (100) bar a cent/penny
and finally to work out margin
enter 100 press cost button enter 133.33 press sell button result is 24.99 which is the percentage margin
The computer is not broken and is correct saying what the sales price is. If you work backwards from selling price and take 20% off, then you get 29.24. The program is a generally accepted accounting principle (GAAP) that has markup not from cost, but from retail. You have been doing it wrong all these years and have been giving your customers a better deal. Play with the numbers and you will see what I mean.
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