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With a focus on understanding profit factors, this book provides a basic knowledge of the principles and techniques of real-world merchandising mathematics. Building on the authors'extensive retail experience, the book explains how to apply these fundamentals to realistic, everyday retail merchandising problems. Math applications specific to retailing makes this book an excellent resource for buyers and small store owners. Suggestions for working select problems on a computer spreadsheet includes examples of spreadsheets used for problems having to do with retail method of inventory and six-month merchandise plans. For Retail Executives and Buyers in training and Small Storeowners.
Table of Contents
Basic Merchandising Mathematics
Cost of Merchandise Sold
Markup as a Merchandising Tool
Retail Pricing for Profit
The Dollar Merchandise Plan
Dollar and Unit Open-to-Buy
Review of Fractions
Answers to Practice Problems
Answers to Pretest
Table of Contents provided by Publisher. All Rights Reserved.