Merchandising Mathematics for Retailing
This book provides readers with a firm foundation in the principles and techniques of real-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.
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Retailing is one of the fastest-growing segments of the economy. In addition to the traditional retail giants, it`s estimated that nearly 70,000 retail businesses are started each year. In this guide, a customer-service expert provides an insightful overview of the retail industry, with advice on...
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