Overview

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. A companion CD-ROM, now containing all practice problems from the text, allows hands-on practice computing retail buying functions and setting up formulas in spreadsheet format.

Full Product Details

Author:   Bette K. Tepper
Publisher:   Bloomsbury Publishing Plc
Imprint:   Bloomsbury Academic USA
Edition:   7th Revised edition
Dimensions:   Width: 21.50cm , Height: 2.30cm , Length: 28.00cm
Weight:   0.457kg
ISBN:  

9781501310232

ISBN 10:   1501310232
Pages:   392
Publication Date:   31 July 2013
Audience:   College/higher education ,  Professional and scholarly ,  Tertiary & Higher Education ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   In stock  
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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

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Author Information

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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