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## AMD 376: Merchandising, Planning, & Control

by: Clare Schubert

41

0

2

# AMD 376: Merchandising, Planning, & Control AMD 376

Marketplace > Iowa State University > General > AMD 376 > AMD 376 Merchandising Planning Control
Clare Schubert
ISU

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Formulas and examples
COURSE
Merchandising Planning, & Control
PROF.
Amy Dorie
TYPE
Class Notes
PAGES
2
WORDS
KARMA
25 ?

## Popular in General

This 2 page Class Notes was uploaded by Clare Schubert on Monday February 29, 2016. The Class Notes belongs to AMD 376 at Iowa State University taught by Amy Dorie in Spring 2016. Since its upload, it has received 41 views. For similar materials see Merchandising Planning, & Control in General at Iowa State University.

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Date Created: 02/29/16
EX: The buyer bought jackets for \$198 with a planned markup of 42.5%. What is the retail price of the jacket? Retail = cost/(100% - MU%) 198/(100% - 42.5%) = 198/0.575 = \$344.35 EX: Leggings retailing for \$39.99 each were bought for a weekend sale. The planned markup was 58%. What was the cost price of the leggings? Cost = \$39.99 X (100% - 58%) = \$39.99 X 42% = \$16.80 EX: Six dozen tanks had a total retail of \$1,800. Each tank was ordered at cost of \$13.50 each. What was the markup percent? 6 X 12 = 72 \$1,800/72 = 25 MU% = (retail – cost)/retail = \$ Markdown = previous price – new reduced price Markdown % = \$ markdown / \$ net sales EX: A sweater is marked down from \$24.99 to \$16.99. It sells at the reduced price. Determine markdown dollars and markdown percent. Markdown \$ = \$24.99 - \$16.99 = \$8 Markdown % = \$8/\$16.99 = 47.09% Net Sales = 1 X \$16.99 = \$16.99 EX: Four sweaters are marked down from \$24.99 each to \$16.99 each. They all sell at the reduced price. Determine markdown dollars and percent Markdown \$ = \$24.99 - \$16.99 = \$8 Markdown % = \$32/67.96 = 47.09% 4 X \$24.99 = 99.96 4 X \$16. 99 = 67.96 \$32 EX: A buyer marks down a cashmere dress from \$590 to \$460. After 1 week, the garment hasn’t sold so the buyer marks it down to \$380 \$590 - \$380/\$380 EX: A buyer received 200 pairs of designer jeans at \$150 each. Fifty jeans sold at this price. The remaining jeans were marked down to \$120 each for a promotion. During the promotion 85 units sold. After the promotion, the buyer priced the remaining units at \$145 each. All remaining units sold at this price. Determine total markdown \$, markdown cancellation \$, net markdown \$, net sales, and net markdown %. 200 units – 50 = 150 units on promotion Total MD \$ = 150 X (\$150 – \$120) = \$4,500 150 units – 85 units = 65 MD Cancellation \$ = 65 X (\$145 - \$120) = \$1,625 Net MD \$ = total md – md cancellation = \$4,500 - \$1,625 = \$2,875 Net Sales = 50 X \$150 = \$7,500 85 X \$120 = \$10,200 65 X \$145 = \$9,425 \$27,125 Net MD % = MD\$/NS\$ = \$2,875/\$27,125 = 10.60%

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