Mathematics for Retail Buying / Edition 6

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This popular workbook meets the needs of students who will be directly or indirectly involved in the activities of merchandising and buying at the retail level. Bette K. Tepper continues to explain the essential concepts, practices, procedures, calculations, and interpretations of figures that relate to the many factors that produce profit.

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Editorial Reviews

This straightforward textbook/workbook introduces retail pricing and repricing of merchandise, the relationship of markup to profit, the retail method of inventory, dollar planning and control, and terms of sale. The fifth edition adds spreadsheet problems, store forms for practice problems, and a glossary. Annotation c. Book News, Inc., Portland, OR (
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Product Details

  • ISBN-13: 9781563675881
  • Publisher: Fairchild Books
  • Publication date: 1/28/2008
  • Edition description: Sixth Edition
  • Edition number: 6
  • Pages: 368
  • Sales rank: 642,611
  • Product dimensions: 8.58 (w) x 10.72 (h) x 0.80 (d)

Meet the Author

Bette K. Tepper, Fashion Institute of Technology

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Table of Contents

Merchandising for a Profit
Defining the Basic Profit Factors
Profit and Loss Statements
How to Increase Profits
Retail Pricing and Repricing of Merchandise
Retail Pricing
Basic Markup Equations Used in Buying Decisions
Repricing of Merchandising
The Relationship of Markup to Profit
Types of Markup
Averaging or Balancing Markup
Limitations of the Markup Percentage as a Guide to Profits
The Retail Method of Inventory
Explanation of the Retail Method of Inventory
General Procedures for Implementing the Retail Method of Inventory
Shortages and Overages
An Evaluation of the Retail Method of Inventory
Dollar Planning and Control
Six-Month Seasonal Dollar Merchandise Plan
Open-to-Buy Control
Invoice Mathematics: Terms of Sale
Terms of Sale
Shipping Terms

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