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Unformatted text preview: .0496 DT1 = 1041996 3.0196 Enter first date. DT2 = 3011996 Enter second date.
If necessary, select
actual/actual daycount
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.
 Summer '09
 PETRY

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