Practical Merchandising Math (National Retail Federation)

About this book

Its easier than you think to perform every retail math calculationquickly accurately and with confidence Mathematics is an essential tool for determining every financialarrangement important to a retail business. Whether youre buyingmerchandise figuring business expenses pricing merchandise orrecording transactions a solid working knowledge of practicalcalculating procedures is indispensable. But dont worry were nottalking algebra trigonometry or calculus--just simple arithmeticyou can perform using a calculator. Practical Merchandising Math helps you teach yourself all the mathyou need to succeed in the retail industry. Youll learn tocalculate markon markup and markdown; plan net sales purchases and stock turnover; and determine expenses and gross margin. Youllalso learn the meanings of important terms and discover how thefour retail areas where math is required--buying selling expenses and record-keeping--are interrelated. This easy-to-useguide Covers all financial considerations relevant to costing andpricing merchandise Includes sample calculations with solutions Features handy quick-reference charts for standard markonpercentages Presents material in short sections followed by self-checkpractice exercises Dont let math phobia become a roadblock on your way to retailsuccess. Develop the skills you need quickly and easily with thehelp of Practical Merchandising Math.