Mathematics for Retail Buying

Bundle Book + Studio Access Card

Mathematics for Retail Buying cover

Mathematics for Retail Buying

Bundle Book + Studio Access Card

$260.00

Please note that this product is not available for purchase from Bloomsbury websites.

Description

This best-selling textbook meets the needs of students who will be directly or indirectly involved in the activities of merchandising and buying at the retail level. Mathematics for Retail Buying explains the essential concepts, practices, procedures, calculations, and interpretations of figures that relate to producing profitable retail buying and selling operations. Now in its seventh edition, the text has been reorganized and expanded to provide real world examples that reflect current industry practices and trends.

Introducing Mathematics for Retail Buying 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 and key formulas
~ Practice your skills by computing over 250 Practice Problems from the text, now available digitally with formulas embedded in the Excel spreadsheets
~ Enhance your knowledge with additional real world case studies and activities for each Unit
~ Redeeming the code inside this card will give you full access to the content previously contained on the CD-ROM packaged with this book.

This bundle includes Mathematics for Retail Buying, 7th Edition and Mathematics for Retail Buying STUDIO Access Card.

Table of Contents

UNIT I: Analysis of the Basic Sales Elements
I. Defining the Basic Sales Elements
II. Invoice Mathematics: Terms of Sales
III. Evaluating a Buyer

UNIT II: Retail Pricing and Repricing of Merchandise
I. Retail Pricing
II. Basic Markup Equations Used in Buying Decisions
III. Repricing of MerchandisePractice Problems for Review

UNIT III: Basic Markup Equations Used in Merchandising Decisions
I. Types of Markup
II. Averaging or Balancing Markup
III. Limitations of the Markup Percentage as a Guide to Profits

UNIT IV: The Retail Method of Inventory
I. Explanation of the Retail Method of Inventory
II. General Procedures for Implementing the Retail Method of Inventory
III. Shortages and Overages
IV. An Evaluation of the Retail Method of Inventory

UNIT V: Dollar Planning and Control
I. Six-Month Seasonal Dollar Merchandise Plan
II. Open-to-Buy Control

UNIT VI: Merchandising for a Profit
I. Profit Components
II. Profit and Loss Statements
III. How to Increase Profits

Product details

Fairchild Books
Published 21 Apr 2016
Format Pack - Printer Assembled
Edition 8th
ISBN 9781501315725
Imprint Fairchild Books
Dimensions Not specified
Publisher Bloomsbury Publishing

About the contributors

Author

Bette K. Tepper

Bette Tepper is a founding faculty member of the F…

Author

Marla Greene

Marla Greene is an Associate Professor of Fashion…

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