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"Book Synopsis :
biMathematics for Retail Buyingibb, bNinth 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. bNew to this Edition b· 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 fieldbMathematics for Retail Buying STUDIO b bStudy smarterb with self-quizzes featuring scored results and personalized study tips bReview conceptsb with flashcards of terms and definitions and key formulas bPractice your skills bby computing Practice Problems from the text, available digitally with formulas embedded in the Excel spreadsheetsbEnhance your knowledge bwith additional real-world case studies and activities for each chapter
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