Sales Markdown Calculator
This calculator requires the use of Javascript enabled and capable browsers. This script calculates the sales retail markdown from a price in three different and distinct methods. The first is a flat rate dollar amount subracted from the price. For instance if you sell goods at $3.00 per unit normally and wish to discount each by $1.35, it calculates a retail sales markdown price of $1.65 by subtraction. The second is by points. Your normal price is again $3.00 per unit and you wish to mark them down by 30 points; it calculates $1.71 as the marked down retail. The formula is (price - (price / (1.00 - .points) - price)) where ".points" is a decimal from 1 to 99. The third is a percentage of price markdown. Your normal sales price is again $3.00 and you wish to mark each item down by 30%; it calculates to $2.10 as the marked down sales price. The formula is (price - (price x percent)).
Enter the item price and the markdown value (no matter if it is percent, flat amount or points). Click the appropriate Calculate button; read the retail sales price and confirm the method of calculation. You may click on Clear Values and do another. (You do NOT enter the decimal for points; use the number of points you wish from 1 to 99. You MAY enter a decimal for a flat rate amount. You MAY enter a decimal for percent in that IF you wish to have 30 and a half percent as the markdown value, it would be entered 30.5 in the markdown value field.
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