Mathematics is an essential tool for determining every financial arrangement important to a retail business. Whether you′re buying merchandise, figuring business expenses, pricing merchandise, or recording transactions, a solid working knowledge of practical calculating procedures is indispensable. But don′t worry, we′re not talking algebra, trigonometry, or calculus just simple arithmetic you can perform using a calculator.
Practical Merchandising Math helps you teach yourself all the math you need to succeed in the retail industry. You′ll learn to calculate markon, markup, and markdown; plan net sales, purchases, and stock turnover; and determine expenses and gross margin. You′ll also learn the meanings of important terms and discover how the four retail areas where math is required buying, selling, expenses, and record–keeping are interrelated. This easy–to–use guide
- Covers all financial considerations relevant to costing and pricing merchandise
- Includes sample calculations with solutions
- Features handy, quick–reference charts for standard markon percentages
- Presents material in short sections followed by self–check practice exercises
Don′t let math phobia become a roadblock on your way to retail success. Develop the skills you need, quickly and easily, with the help of Practical Merchandising Math.
PURCHASING AND PRICING.
Transportation Terms and Charges.
Terms and Dating.
Markon Based on Selling Price.
Markon Based on Cost Price.
COMPUTING AND COVERING EXPENSES.
The Merchandise Plan.
Planning Purchases: Open–to–Buy.
The Selling Cost Percent.
The Income Statement.