Description

Book Synopsis
This book teaches how to calculate retail prices. It provides formulas for calculating markon, markup, and markdowns; planning net sales, purchases, stock turnover, expenses, gross margin; and it covers transportation terms, discounts, and all other financial considerations relevant to cost of goods and pricing.

Table of Contents
Partial table of contents:

PURCHASING AND PRICING.

Transportation Terms and Charges.

Terms and Dating.

Markon Based on Selling Price.

Markon Based on Cost Price.

Average Markon.

COMPUTING AND COVERING EXPENSES.

Gross Margin.

Expenses.

Initial Markon.

Cumulative Markon.

Markdown.

Stock Turnover.

SELLING.

The Merchandise Plan.

Planning Sales.

Planning Stocks.

Planning Purchases: Open-to-Buy.

The Selling Cost Percent.

RECORD KEEPING.

Inventory Valuation.

Comparing Departments.

The Income Statement.

Appendix.

Index.

Practical Merchandising Math

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    A Paperback / softback by Leo Gafney

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      Publisher: John Wiley & Sons Inc
      Publication Date: 28/02/1996
      ISBN13: 9780471145189, 978-0471145189
      ISBN10: 0471145181
      Also in:
      Business mathematics and systems

      Description

      Book Synopsis
      This book teaches how to calculate retail prices. It provides formulas for calculating markon, markup, and markdowns; planning net sales, purchases, stock turnover, expenses, gross margin; and it covers transportation terms, discounts, and all other financial considerations relevant to cost of goods and pricing.

      Table of Contents
      Partial table of contents:

      PURCHASING AND PRICING.

      Transportation Terms and Charges.

      Terms and Dating.

      Markon Based on Selling Price.

      Markon Based on Cost Price.

      Average Markon.

      COMPUTING AND COVERING EXPENSES.

      Gross Margin.

      Expenses.

      Initial Markon.

      Cumulative Markon.

      Markdown.

      Stock Turnover.

      SELLING.

      The Merchandise Plan.

      Planning Sales.

      Planning Stocks.

      Planning Purchases: Open-to-Buy.

      The Selling Cost Percent.

      RECORD KEEPING.

      Inventory Valuation.

      Comparing Departments.

      The Income Statement.

      Appendix.

      Index.

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