Mathematics for Retail Buying

Mathematics for Retail Buying, Ninth Edition, introduces merchandising and retailing students to the most important concepts in retail math through step-by-step examples with practice problems and solutions. Coverage begins with the skeletal profit and loss statement, and moves through retail pricing and repricing of merchandise, markups, markdowns, the retail method of inventory, six-month, and assortment planning. This new edition introduces a practical approach that incorporates actual retail scenarios and concepts that are relevant to the fashion industry today. There is also a focus on mathematical factors that affects the gross margin and profitability, key to the success of any merchandise buyer or planner. New to this Edition * Updated mathematical practice problems with selected answers in the back of the book for review* Updated case studies reflect realistic and practical merchandising situations* Thoroughly updated and revised text to reflect most common practices in the field Mathematics for Retail Buying STUDIO -Study smarter with self-quizzes featuring scored results and personalized study tips -Review concepts with flashcards of terms and definitions and key formulas -Practice your skills by computing Practice Problems from the text, available digitally with formulas embedded in the Excel spreadsheets-Enhance your knowledge with additional real-world case studies and activities for each chapter