This book provides readers with a firm foundation in the principles and techniques ofreal-world merchandising mathematics and shows them how to apply these fundamentals to solving specific, everyday retail merchandising problems. Throughout, clear, concise explanations of concepts are followed by step-by-step example problems, practice problems using realistic industry figures, and selected answers. Includes suggestions for working some problems on a computer spreadsheet. Features a review of basic mathematics, decimals, percents, fractions, and highlighted formulas. Basic Merchandising Mathematics. Profitability. Cost of Merchandise Sold. Markup as a Merchandising Tool. Retail Pricing for Profit. Inventory Valuation. The Collar Merchandise Plan. Dollar Open-to-Buy. Performance Measures. For Retail Executives and Buyers in training and Small Storeowners.
Table of Contents
1. Introduction. 2. Basic Merchandising Mathematics. 3. Profitability. 4. Cost of Merchandise Sold. 5. Markup as a Merchandising Tool. 6. Retail Pricing for Profit. 7. Inventory Valuation. 8. The Dollar Merchandise Plan. 9. Dollar Open-to-Buy. 10. Performance Measures. Appendix A. Review of Fractions Appendix B. Selected Formulas. Appendix C. Answers to Practice Problems. Appendix D. Answers to Pretest.