Merchandising Mathematics

Merchandising mathematics involves the financial calculations retailers use to ensure profitability. It includes understanding concepts like cost price (what it costs to produce or buy a product), selling price (what customers pay), markup (the profit added to the cost), and margin (the percentage of profit in the selling price). These calculations help retailers set prices, manage inventory, and achieve desired profit levels. By mastering merchandising mathematics, businesses can make informed decisions to optimize sales and maintain healthy profit margins.