LAB 6 - 0.00 6 Calculating Net Markdown gross markdown markdown cancellations net markdown 0.00 C Discounts Off Retail Price original retail price

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UNIT II RETAIL PRICING AND REPRICING OF MERCHANDIS III REPRICING OF MERCHANDISE B Markdown Calculations 1. Calculating the $ Markdown a. on an individual item original or present retail price - new retail price $ markdown 0.00 b. on a group of items # of pieces $ markdown per piece total $ markdown 0.00 c. using the % off method % off present retail price total $ markdown 0.00 2. Calculating Multiple Markdowns total $ markdown Ist total $ markdown + 2nd total $ markdown Total $ markdown taken 0.00 markdown on group orig retail price markdown price no. pieces markdown 1st markdown 0 2nd markdown 0 Total $ markdown on group 0 3. Calculating Planned $ Markdown when Markdown % and Net Sales are known net sale markdown % Planned $ markdowns 0.00 4. Calculating Markdown % $ markdown $ net sales markdown % #DIV/0! 5. Calculating Markdown Cancellations higher retail markdown price markdown cancellation 0.00 per piece total markdown cancellations higher retail markdown price no. of pieces total markdown cancellations
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Unformatted text preview: 0.00 6. Calculating Net Markdown gross markdown- markdown cancellations net markdown 0.00 C. Discounts Off Retail Price original retail price discount % $ discount 0.00 final retail price 0.00 REPRICING OF MERCHANDISE PRACTICE PROBLEMS Markdown Calculations #29 Practice Problem Item Description Quantity Old New Difference Amount Vendor-Style-Name Retail Retail 16-203-wool sweaters 75 $55 $42 $13 $975 20-515-cotton sweaters 50 $38 $25 $13 $650 Total 125 $1,625 #31 Practice Problem Item Description Quantity Old New Difference Amount Retail Retail ski jackets 125 $75 $68 $7 $875 35 $68 $58 $10 $350 Total $1,225 #34 Practice Problem total markdown $1,600 net sales $50,000 Markdown % 0.032 3.20% #36 Practice Problem Plan Actual Net sales $153,000 153000 Markdown % 6.40% 0.04706 4.71% Markdown $ $9,792.00 7200 The actual percentage was less than the planned by 1.69 %....
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This note was uploaded on 02/14/2012 for the course HUEC 3043 taught by Professor Freeman during the Fall '10 term at LSU.

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LAB 6 - 0.00 6 Calculating Net Markdown gross markdown markdown cancellations net markdown 0.00 C Discounts Off Retail Price original retail price

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