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Solving Integrated Merchandising Problems

Solving Integrated Merchandising Problems - what is wanted...

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Solving Integrated Merchandising Problems 1. Write down what is given and what is wanted. 2. Draw the diagrams and/or write down the equations and fill in what is given and what is wanted (with an x?). 3. Based in what is wanted and what is given, choose which type of question to do first. Answer: “For which type am I given enough information that I can calculate what is missing?” 4. Calculate the values to complete the diagram and answer
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Unformatted text preview: what is wanted. 5. From these results, transfer numbers to the other diagrams/equations. E.G. Net Price = Cost; Regular Selling Price for both Markup and Markdown; Cost and Profit to Markdown. 6. Look at what else is wanted and what you can now calculate, pick out the next diagram/equation to work. 7. Repeat steps 4, 5 & 6....
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