LAB 6

# 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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