Mathematics for Retail Buying
with STUDIO
by Marla Greene, Bette K. Tepper
9th Edition
Publisher: Bloomsbury Publishing
Book Details
| Print ISBN | 9781501356704 |
| eText ISBN | 9781501356612 |
| Publisher | Bloomsbury Publishing |
| Publishing Year | 2020 |
| Edition | 9th Edition |
| Language | English |
| Pages | 388 |
Mathematics for Retail Buying: with STUDIO, 9th Edition, is a textbook that introduces merchandising and retailing students to core retail math concepts. The volume focuses on mathematical factors that influence gross margin and profitability.
Instruction moves from the skeletal profit and loss statement through pricing and repricing strategies, markups, markdowns, the retail method of inventory, and seasonal assortment planning.
Grounded in fashion merchandising scenarios, the textbook supports coursework through step-by-step examples, case studies, and practice problems with selected answers.
Table of Contents
Chapter 1: Merchandising for a Profit
- • 1.1. Profit Components
- • 1.2. Profit and Loss Statements
- • 1.3. How to Increase Profits
Chapter 2: Retail Pricing and Repricing of Merchandise
- • 2.1. Retail Pricing and Pricing Strategies
- • 2.2. Basic Markup Equations Used in Buying Decisions
- • 2.3. Repricing of Merchandise/Markdowns
- • 2.4. Point-Of-Sale (POS) and Permanent (Physical) Markdowns
- • 2.5. Analytical Criteria for Taking Markdowns
Chapter 3: Basic Markup Equations Used in Merchandising Decisions
- • 3.1. Types of Markups
- • 3.2. Averaging or Balancing Markup
- • 3.3. Limitations of the Markup Percentage as a Guide to Profits
Chapter 4: The Retail Method of Inventory
- • 4.1. Explanation of the Retail Method of Inventory
- • 4.2. General Procedures for Implementing the Retail Method of Inventory
- • 4.3. Shortages and Overages
- • 4.4. An Evaluation of the Retail Method of Inventory
Chapter 5: Six-Month Planning and Components
- • 5.1. Planning Net Sales
- • 5.2. Turnover/GMROI
- • 5.3. Stock/Inventory Planning Methods
- • 5.4. Open-to-Buy and Purchase/Receipt Planning
- • 5.5. Open-to-Buy Control
- • 5.6. Six-Month Seasonal Dollar Merchandise Plan
- • 5.7. Assortment/Classification Planning
Chapter 6: Invoice Mathematics/Terms of Sale
- • 6.1. Invoice Mathematics: Terms of Sales
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