AVG OR BAL MARKUP

AVG OR BAL MARKUP - Unit III The Relationship of Markup to...

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Unit III The Relationship of Markup to Profit
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Part II Averaging or Balancing Markup
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©2009 Fairchild Books, A Division of Condé Nast Publications. 3 Part II. Averaging or Balancing Markup Averaging markups means adjusting the proportions of goods purchased at different markups, to achieve the desired aggregate markup, either for an individual purchase or for a certain period
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©2009 Fairchild Books, A Division of Condé Nast Publications. 4 Part II. Averaging or Balancing Markup When solving problems that illustrate how markups are averaged or balanced, it is helpful to remember that: On a day-to-day basis, buyers strive to achieve a projected markup by averaging process Appropriate cumulative markups result from the effective averaging of many purchases, and the effects of this averaging on the entire inventory Basic markup equations are applied to given information for calculation of figures required for solutions
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©2009 Fairchild Books, A Division of Condé Nast Publications. 5
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AVG OR BAL MARKUP - Unit III The Relationship of Markup to...

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