Blog

The Boy’s department actual year-end results are as follows:             Net Sales                        $500,000             Gross margin                    150,000 What are (a) Cost of Merchandise Sold in dollars and (b) Gross margin percent and (c) Net Sales Percent?

An off-price specialty store chain reported that sales dropped to $338,400,000 from $374,700,000  reflecting the closure of 25 stores during COVID. What was the percent decrease?

A fashion store has 90,000 square feet with an annual sales per square foot of $300.00. Determine the store’s total sales.

A buyer has inventory with the following figures:                                                    COST                                         RETAIL                                       Opening Inventory               $30,000                                     $62,000 Purchases                             $25,000                                      $70,000 Net Transfers OUT               $10,000                                     $21,000   Find: TOTAL  Merchandise Handled at COST                      

Gross margin results from?

These expenses would exist and wouldn’t change regardless of whether a specific department is added or discontinued.

A “skeletal statement” can also be known as

Unless you have an accommodation, you have __ to take the tests in Retail Merchandising 1.

Given the following figures:   Net Sales:   $275,000 Turnover:         2.5 Find planned average stock for the period

Total Retail Deductions (TRD), used in RIM, are: