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Mathematics for Retail Buying
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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

Promotional Information

This best-selling textbook explains the essential concepts, practices, procedures, calculations, and interpretations of figures that relate to merchandising and buying at the retail level.

Promotional Information

This best-selling textbook explains the essential concepts, practices, procedures, calculations, and interpretations of figures that relate to merchandising and buying at the retail level.

About the Author

Bette K. Tepper is a former faculty member of the Fashion Management Department at the Fashion Institute of Technology (FIT), USA, where she taught for more than 30 years, and served as Assistant Chairperson of Marketing Fashion and Related Industries Department.

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