Apr 01, 2023  
2020-2021 Undergraduate Catalog 
2020-2021 Undergraduate Catalog [ARCHIVED CATALOG]

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ATM 285 - Buying and Merchandising Math

An introduction to the financial management of fashion products; mathematical applications using percentages, mark-ups, profit formulas, pricing principles, tracking inventory, and mathematical formulas used in all levels of apparel operations.

Credits: (4)

Learner Outcomes:
Upon successful completion of this course, the student will be able to:

  • Define and dissect of the basic sales elements in the buying/selling process
  • Calculate, analyze, and measure the performance of operating income
  • Determine and calculate the costs of goods sold when purchasing merchandise
  • Recognize and calculate the net cost
  • Identify activities that retailers can use to maximize profits
  • Understand price lining, pricing strategy, and pricing issues
  • Calculate markup as dollar amounts and percentages for individual items and groups of items
  • Establish retail prices
  • Identify the types of markups and the use of each in making merchandise decisions
  • Calculate initial markups, cumulative markups, and maintained markups, keeping markups balanced for various situations
  • Recognize and understand both the dollar amounts and percentages of markup needed to evaluate
  • Know and understand the retail method of inventory
  • Identify and describe information and procedures necessary to implement the retail method of inventory
  • Understand and recognize the elements of a six-month merchandise plan
  • Recognize the importance of profit calculations in merchandising decisions
  • Identify components of a profit and loss statement

Learner Outcomes Approval Date:

Anticipated Course Offering Terms and Locations:

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