RCSC 304 Study Guide - Midterm Guide: Shoe Show, Gross Margin, Designer Clothing

• School: University of Arizona
• Department: Retailing & Consumer Science
• Course: RCSC 304
• Professor: Charlette Padilla

Document Summary

Percentage are always division (page 122 look at p&l statement) Determine the mark up percent on a shirt that retail for . 50 and cost . 96. This type of markup is based on the total merchandise handled or available for sale during a speciic period of ime. It is an average igure applied to merchandise cumulaive. . 35 (cost = retail * (100-mu%) cc. The diference between the cost of goods and the original retail price. The irst priced placed on merchandise for resale. Planned markups speciied on orders for merchandise, a projected markup goal is referred to as. Find the cost of a rug that retail for ,250 and has a 51. 5% markup. To determine the mark up percent based on retail dollar mark up divided by retail. Determine the markup percent for undershirts cosing a dozen and retailing 3 for . Unit retail $ = /3 = . 67 (6. 67 3. 50) / (6. 67)= 47. 52%