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Merchandising/Retail Buying

Mathematics for Retail Buying, 6th Edition

Bette K. Tepper
  • ©2008
  • 368 Pages
  • softcover | CourseSmart ISBN: 978-1-60901-399-8 | 8.5x11 | includes CD-ROM
  • 978-1-56367-588-1
$98.00
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This popular workbook meets the needs of students who will be directly or indirectly involved in the activities of merchandising and buying at the retail level. Bette K. Tepper continues to explain the essential concepts, practices, procedures, calculations, and interpretations of figures that relate to the many factors that produce profit.

Also available on CourseSmart
  • An appendix summarizing, with simple directions, the basic operations of Microsoft Excel spreadsheets
  • Practice problems applying industry terminology in realistic merchandising situations
  • Store forms providing computation of appropriate practice problems using real-world examples
  • Data updated in the text and practice problems

Instructors Resources
  • Answer Manual
  • PowerPoint® Presentation
Merchandising for a Profit
  • Defining the Basic Profit Factors
  • Profit and Loss Statements
  • How to Increase Profits

Retail Pricing and Repricing of Merchandise
  • Retail Pricing
  • Basic Markup Equations Used in Buying Decisions
  • Repricing of Merchandising

The Relationship of Markup to Profit
  • Types of Markup
  • Averaging or Balancing Markup
  • Limitations of the Markup Percentage as a Guide to Profits

The Retail Method of Inventory
  • Explanation of the Retail Method of Inventory
  • General Procedures for Implementing the Retail Method of Inventory
  • Shortages and Overages
  • An Evaluation of the Retail Method of Inventory

Dollar Planning and Control
  • Six-Month Seasonal Dollar Merchandise Plan
  • Open-to-Buy Control

Invoice Mathematics: Terms of Sale
  • Terms of Sale
  • Dating
  • Anticipation
  • Loading
  • Shipping Terms

Instructors and Students:

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Bette K. Tepper is a founding faculty member of the Fashion Management Department at the Fashion Institute of Technology (FIT) where she taught for more than 30 years, and served as Assistant Chairperson of Marketing Fashion and Related Industries Department. Prior to FIT, Tepper taught retail buying at the Laboratory Institute of Merchandising (now LIM College). She is a former fashion apparel buyer for Bloomingdale's and continually conducted seminars for major fashion apparel manufacturers showing their relevancy to the retailer's basic math fundamentals. Tepper was the primary contributor to a U.S. government grant to FIT and coauthored a specialized instruction pamphlet issued by the U.S. Office of Education designed to develop or enhance for Distributive Education competencies associated with the marketing of apparel, with special emphasis given to fashion buying. In retirement as an Associate Professor, she continued to teach math courses.

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