A Practical Approach To Merchandising Mathematics

A Practical Approach to Merchandising Mathematics, Revised 1st Edition, is dedicated to helping students master the mathematical concepts, techniques, and analysis utilized in the merchandise buying and planning process. Students will review basic maths concepts; learn how to use typical merchandising forms; become familiar with the application of computerized spreadsheets in retailing; and recognize the basic factors of buying and selling that affect profit. This peer-reviewed new edition of the text brings together assortment planning, vendor analysis, markup and pricing, and terms of sale into one comprehensive resource for students who will be involved with the activities of merchandise buying in the retail industry. Introducing A Practical Approach to Merchandising Mathematics STUDIO--an online tool for more effective study! Study smarter with self-quizzes featuring scored results and personalized study tips Review concepts with flashcards of terms and definitions Access downloadable spreadsheets and tables illustrating operational results, inventory and merchandise plans Test your knowledge with review exercises covering key text concepts Redeeming the code inside this card will give you full access to the content previously contained on the DVD or CD packaged with this book This bundle includes A Practical Approach to Merchandising Mathematics Revised First Edition and A Practical Approach to Merchandising Mathematics STUDIO Access Card.

A Practical Approach to Merchandising Mathematics, Revised 1st Edition, is dedicated to helping students master the mathematical concepts, techniques, and analysis utilized in the merchandise buying and planning process. Students will review basic maths concepts; learn how to use typical merchandising forms; become familiar with the application of computerized spreadsheets in retailing; and recognize the basic factors of buying and selling that affect profit. This peer-reviewed new edition of the text brings together assortment planning, vendor analysis, markup and pricing, and terms of sale into one comprehensive resource for students who will be involved with the activities of merchandise buying in the retail industry.

- Basic Math Concepts - Factors Affecting Profit - Cost of Merchandise and Terms of Sale - Reductions - Calculating Basic Markup - Markup and Pricing Strategy - Valuation of Retail Inventory - Six-Month Plans - Purchase Performance and Profitability - Interviews with industry professionals on practical application topics like keys to anticipating stock turn, trend spotting, and timing - CD-ROM includes templates for specific computer spreadsheet problems and cases - Real-world examples, store forms to compute practice problems - Industry terminology and data reflected throughout the text and in the practice problems - Easy-to-follow, step-by-step presentations explain the derivations of formulas - Instructor's Guide provides suggestions for planning the course and using the text in the classroom

A Practical Approach to Merchandising Mathematics, Revised 1st Edition, is dedicated to helping students master the mathematical concepts, techniques, and analysis utilized in the merchandise buying and planning process. Students will review basic maths concepts; learn how to use typical merchandising forms; become familiar with the application of computerized spreadsheets in retailing; and recognize the basic factors of buying and selling that affect profit. This peer-reviewed new edition of the text brings together assortment planning, vendor analysis, markup and pricing, and terms of sale into one comprehensive resource for students who will be involved with the activities of merchandise buying in the retail industry. PLEASE NOTE: Purchasing or renting this ISBN does not include access to the STUDIO resources that accompany this text. To receive free access to the STUDIO content with new copies of this book, please refer to the book + STUDIO access card bundle ISBN 9781501395406. STUDIO Instant Access can also be purchased or rented separately on BloomsburyFashionCentral.com.

Presents a practical approach to mastering the various mathematical elements needed for operating a retail store. The text includes a discussion of the financial aspects of the retail business.

"Mathematics for Retail Buying, "8th Edition, introduces merchandising and retailing students to the most important concepts in retail math through step-by-step examples with practice problems and solutions. Coverage begins with the skeletal profit and loss statement, and moves through retail pricing and repricing of merchandise, markups, markdowns, the retail method of inventory, six-month, and assortment planning. This extensively updated edition introduces a new co-author and a practical approach that incorporates actual retail scenarios and concepts that are relevant to the fashion industry today. The book has been reorganized into six chapters, each covering a mathematical factor that affects the gross margin and profitability key to the success of any merchandise buyer or planner. The new edition also integrates current retail business metrics and an increased focus on the six-month planning process, including a new assortment planning section with examples. New to This Edition: - Reorganized Chapters 1 and 6 reflect the order of prior editions and open the textbook with the discussion of merchandising for profit and profit and loss concepts - Chapter 5, Six-Month Planning and Components, expanded to include more coverage of assortment planning with a new "Formulating a Six-Month Plan" case study - More than 50% of practice problems in each chapter are new or have been updated to reflect current industry practice - Includes 4 new case studies that illustrate practical retailing situations and common obstacles and difficulties encountered in real-life merchandising Features - All applicable concept problems are expressed in spreadsheet as well as traditional arithmetic format - Select Answers at the end of the book helps students check their understanding as they complete Practice Problems - Key Concept Formulas at the beginning of each chapter and a complete Glossary of Concept Formulas at the end of the book provide easy reference "Mathematics for Retail Buying" STUDIO -Study smarter with self-quizzes featuring scored results and personalized study tips -Review concepts with flashcards of terms and definitions and key formulas -Practice your skills by computing Practice Problems from the text, now available digitally with formulas embedded in the Excel spreadsheets -Enhance you knowledge with additional real world case studies and activities for each chapter Instructor Resources -Answer Manual provides demonstrative step-by-step solutions to all practice problems -Test Bank offers exams for each chapter -PowerPoint presentations provide a framework for lecture and discussion This bundle includes "Mathematics for Retail Buying, " 8th Edition and" Mathematics for Retail Buying" STUDIO Access Card.

Mathematics for Retail Buying, Ninth Edition, introduces merchandising and retailing students to the most important concepts in retail math through step-by-step examples with practice problems and solutions. Coverage begins with the skeletal profit and loss statement, and moves through retail pricing and repricing of merchandise, markups, markdowns, the retail method of inventory, six-month, and assortment planning. This new edition introduces a practical approach that incorporates actual retail scenarios and concepts that are relevant to the fashion industry today. There is also a focus on mathematical factors that affects the gross margin and profitability, key to the success of any merchandise buyer or planner. New to this Edition · Updated mathematical practice problems with selected answers in the back of the book for review · Updated case studies reflect realistic and practical merchandising situations · Thoroughly updated and revised text to reflect most common practices in the field Mathematics for Retail Buying STUDIO -Study smarter with self-quizzes featuring scored results and personalized study tips -Review concepts with flashcards of terms and definitions and key formulas -Practice your skills by computing Practice Problems from the text, available digitally with formulas embedded in the Excel spreadsheets -Enhance your knowledge with additional real-world case studies and activities for each chapter

This textbook/workbook/software program is aimed at students and retail personnel who use merchandising math. Beginning with markups and markdowns and ending with profit-and-loss statements, the text covers concepts of increasing difficulty. Easy-to-follow presentations give the reasons for using each mathematical concept and explain the derivations of the formulas, step-by-step. The primary formulas are highlighted. The presentation of each basic concept includes a set of assignment problems in both the text and software for practice. Instructor's Guide describes and explains the organization and elements of the text, showing how to use the software in combination with the text. It provides solutions to all assignments, general overviews to the chapters, objectives, key terms, additional learning activities, quizzes, and test banks. Examples from the pages of WWD and other Fairchild publications show real life situations in which the mathematical concepts are applied. A special bonus is a set of transparency masters that aid the instructor in presenting the major mathematical concepts in the classroom.