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Practical Merchandising Math (National Retail Federation)
 
 
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Practical Merchandising Math (National Retail Federation) [Paperback]

Leo Gafney (Author)
4.0 out of 5 stars  See all reviews (1 customer review)

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Book Description

0471145181 978-0471145189 January 12, 1996 1
It's easier than you think to perform every retail math calculation quickly, accurately, and with confidence

Mathematics is an essential tool for determining every financial arrangement important to a retail business. Whether you're buying merchandise, figuring business expenses, pricing merchandise, or recording transactions, a solid working knowledge of practical calculating procedures is indispensable. But don't worry, we're not talking algebra, trigonometry, or calculus--just simple arithmetic you can perform using a calculator.

Practical Merchandising Math helps you teach yourself all the math you need to succeed in the retail industry. You'll learn to calculate markon, markup, and markdown; plan net sales, purchases, and stock turnover; and determine expenses and gross margin. You'll also learn the meanings of important terms and discover how the four retail areas where math is required--buying, selling, expenses, and record-keeping--are interrelated. This easy-to-use guide
* Covers all financial considerations relevant to costing and pricing merchandise
* Includes sample calculations with solutions
* Features handy, quick-reference charts for standard markon percentages
* Presents material in short sections followed by self-check practice exercises


Don't let math phobia become a roadblock on your way to retail success. Develop the skills you need, quickly and easily, with the help of Practical Merchandising Math.

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Customers buy this book with Math for Merchandising: A Step-by-Step Approach (3rd Edition) $76.49

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Editorial Reviews

From the Publisher

This easy-to-use guide provides rapid access to all financial considerations relevant to costing and pricing merchandise. Contains formulas to calculate markon, markup, markdowns, planning net sales, purchases, stock turnover and gross margins. Covers transportation terms, discounts, inventory management and control and more. Includes sample calculations with the solutions and numerous quick-reference charts.

From the Back Cover

It's easier than you think to perform every retail math calculation quickly, accurately, and with confidence

Mathematics is an essential tool for determining every financial arrangement important to a retail business. Whether you're buying merchandise, figuring business expenses, pricing merchandise, or recording transactions, a solid working knowledge of practical calculating procedures is indispensable. But don't worry, we're not talking algebra, trigonometry, or calculus—just simple arithmetic you can perform using a calculator.

Practical Merchandising Math helps you teach yourself all the math you need to succeed in the retail industry. You'll learn to calculate markon, markup, and markdown; plan net sales, purchases, and stock turnover; and determine expenses and gross margin. You'll also learn the meanings of important terms and discover how the four retail areas where math is required—buying, selling, expenses, and record-keeping—are interrelated. This easy-to-use guide

  • Covers all financial considerations relevant to costing and pricing merchandise
  • Includes sample calculations with solutions
  • Features handy, quick-reference charts for standard markon percentages
  • Presents material in short sections followed by self-check practice exercises

Don't let math phobia become a roadblock on your way to retail success. Develop the skills you need, quickly and easily, with the help of Practical Merchandising Math.


Product Details

  • Paperback: 300 pages
  • Publisher: Wiley; 1 edition (January 12, 1996)
  • Language: English
  • ISBN-10: 0471145181
  • ISBN-13: 978-0471145189
  • Product Dimensions: 9.1 x 7.5 x 0.7 inches
  • Shipping Weight: 1.2 pounds (View shipping rates and policies)
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Best Sellers Rank: #575,095 in Books (See Top 100 in Books)

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13 of 13 people found the following review helpful:
4.0 out of 5 stars Good Book, February 17, 2000
This review is from: Practical Merchandising Math (National Retail Federation) (Paperback)
Practical Merchandising Math is a very enlighting book. The Practice Questions are very helpful in learning the basics. From start to finish I found this book well done. I would only hope for deeper explanations. I devoured this book in about a week. Very well laid out. One chapter leads into another chapter very well. Again, my only hope (not a complaint) is to find a book just like this one with more advanced discussions based on real world scenarios. That's not to say that the examples used in this book were not real world scenarios ... they were simplified examples of real world scenarios. I recommend this book to anyone learning the art of inventory management, ordering systems analysis and planning for sales.
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