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You can compute dbd using this day count method but

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Unformatted text preview: .0496 DT1 = 1-04-1996 3.0196 Enter first date. DT2 = 3-01-1996 Enter second date. If necessary, select actual/actual day-count method. ACT Compute days between dates. DBD = 57.00 Because there are 57 days between the two dates, the loan accrues interest for 57 days before the first payment. Chapter 7: Using Other Worksheets 63 The Profit Margin Worksheet To access the Profit Margin worksheet, press you solve for cost, selling price, or profit margin. . This worksheet lets Profit Margin Worksheet Labels Label Meaning Type of Variable CST Cost Enter/compute SEL Selling price Enter/compute MAR Profit margin Enter/compute Notes on the Profit Margin Worksheet sets CST, SEL, and MAR to zero. sets CST, SEL, and MAR to zero. Enter values for two of the variables. Then compute a value for the third variable. Background Information Gross profit margin is a term commonly used in business. Sometimes the terms margin and markup are used interchangeably, but each has a distinct meaning. Gross profit margin is the difference between selling price and cost, expressed as a percentage of the selling price. Markup is the difference between selling price and cost, expressed as a percentage of the cost. This worksheet deals only with gross profit margin. You can perform markup calculations using the Percent Change/Compound Interest worksheet. Procedure: Profit Margin Calculations 1. Press to select the worksheet. CST is displayed, along with the previous value. 2. If necessary, press 64 to clear the worksheet. Chapter 7: Using Other Worksheets 3. Enter values for two of the three variables; for example, enter values for SEL and MAR. Press or until the variable label you want is displayed. Then key in a value and press . 4. Compute a value for the unknown variable; for example, compute a value for CST. Press . or until the variable label you want is displayed. Then press The calculator computes and displays the value. Example: Profit Margin Calculations The selling price of an item is \$125. The gross profit margin is 20%. Find the original...
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This homework help was uploaded on 04/03/2014 for the course ECON 203 taught by Professor Petry during the Summer '09 term at University of Illinois, Urbana Champaign.

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