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+--- Thread: HP 10BII Setting a Sales Price (/thread-17241.html)
HP 10BII Setting a Sales Price - Gamo - 07-12-2021 06:09 AM
HP 10BII User Manual on page 95 demostrate on how to
calculate on "Setting a Sales Price" with this formula.
Price = Total Cost ÷ Number of Units x (1+(%RTN ÷ 100))
As shown in the manual the last step doesn't have to be 20 [÷] 100 [=]
On Page 33 about "Finding a Percent" said that the [%] key divides a number by 100
unless it is preceded by an addition or subtraction sign.
In this case this formula is preceded by the [x] sign Key so here is the shorter stpes.
40000 [÷] 2000 [x] [(] 1 [+] 20 [%] [)] [=] display answer 24.00
Gamo 7/2021
RE: HP 10BII Setting a Sales Price - Gamo - 07-13-2021 06:52 AM
Example Usage of this type of problem " Setting a Sales Price"
All Total Cost of this products is $18,500.00 that make it to 500 units.
I want 35% profit how much should I charge for each unit.
Total Cost = $18,500
Number of Units = 500
RTN = 35%
Steps to calculate:
18500 [÷] 500 [x] [(] 1 [+] 35 [%] [)] [=] display answer 49.95
Answer: $49.95
To check answer:
While 49.95 is on display [x] Number of Unit (500)
49.95 [x] 500 [=] 24975
18500 [CST]
24975 [PRC] [MU] display answer 35
So the answer return to 35% profit as expected.
Remark:
To quickly check answer another way by the use of the [%CHG]
Steps: 18500 [INTPUT] 24975 [%CHG] display answer 35
Gamo