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Mathematics for Retail Buying



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Mathematics for Retail Buying by Bette K. Tepper
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This popular textbook/workbook meets the needs of students who will be directly or indirectly involved in the activities of merchandising and buying at the retail level. Tepper continues to delineate the essential concepts, practices, procedures, calculations, and interpretations of figures that relate to the many factors that produce profit.New to this Edition- At the end of each of the six units of study, a new section entitled, "The Adaptation of Excel Spreadsheets" is included.- Examples of current industry programs on collecting and recording data on the movement of inventory.- All practice problems apply industry terminology used in realistic merchandising situations.- To become familiar with real-world examples, store forms have been added for the computation of appropriate practice problems- CD-ROM contains templates for use with specific computer spreadsheet problems and cases.- Answer Manual provides computations and solutions for all of the practice problems and case studies in the text

Table of Contents

Contents Unit One: Merchandising for a Profit-the concepts of profit and the calculation, interpretation, and analysis of the profit-and-loss statement Unit Two: Retail Pricing and Repricing of Merchandise-the pricing factors used in buying decisions and the calculations used when pricing and/or repricing retail merchandise Unit Three: The Relationship of Markup to Profit-the importance of markup to profit-able merchandising and the calculations of the various types of markup Unit Four: The Retail Method of Inventory-explains the proven procedure of deter-mining the total value of the stock-on-hand and shortages Unit Five: Dollar Planning and Control-the analysis of possible sales, the planning and control of stocks and purchases, and the techniques used Unit Six: Invoice Mathematics-Terms of Sale-discounts, dating procedures, and shipping terms that a retail buyer must know

Author Biography

Bette K. Tepper, Fashion Institute of Technology
Release date Australia
March 1st, 2008
Country of Publication
United Kingdom
6th Revised edition
Fairchild Books
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