Practical Merchandising Math

It's 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 you're buyingmerchandise, figuring business expenses, pricing merchandise, orrecording transactions, a solid working knowledge of practicalcalculating procedures is indispensable. But don't worry, we're 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. You'll learn tocalculate markon, markup, and markdown; plan net sales, purchases,and stock turnover; and determine expenses and gross margin. You'llalso 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 Don't 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.

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. 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.

- 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

Mathematics for Retail Buying, 9th 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 practical approach that incorporates actual retail scenarios and concepts that are relevant to the fashion industry today. There is also a focus on mathematical factor 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 to reflect retail buying as can be found in the industry - Thoroughly updated and revised text to reflect most common practices in the field 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

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.

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

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.