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From CU Management:
Digging In?
If your CU is considering doing business lending—or already in the game—directors will need to play a strategic role.

Newsletter Puzzle

A member business owner’s product cost him/her $48 to produce and he/she sells it for $88. What is the gross profit margin on the sale and what is the markup percentage?

Calendar

CUES School of Business Lending™
School II: Financial Analysis and Diagnostic Assessment
July 25-29
Location: Crowne Plaza Hotel Seattle

CUES School of Business Lending™
School III: Strategic Business Lending
Date: Sept. 19-23
Location: Embassy Suites Chicago/Schaumburg/Woodfield, Schaumburg, Ill.

CUES School of Business Lending
School I: Business Lending Fundamentals
April 30-May 4
Hyatt Regency Cambridge, Overlooking Boston

Newsletter Puzzle Solution
Gross Profit % =    45.5%
Markup % =        83.3%

Solution:
Step 1:    Determine gross profit dollars ($88.00 - $48.00 = $40.00)
Step 2:    Divide gross profit by sales to get GP% ($40.00/$88.00 = .455 or 45.5%)
Step 3:    Divide gross profit by cost to get markup% ($40.00/$48.00 = .833 or 83.3%)