Ch. 7: Retail Math - Questions Flashcards
1
Q
how do you find price?
A
cost + margin
2
Q
how do you find markup?
A
(price - cost) / cost
3
Q
how do you find margin?
A
(price - cost) / price
4
Q
how do you find a gross margin(%)?
A
[(revenue - COGS) / revenue] * 100
5
Q
how do you find a unit margin?
A
(selling price per unit) - (cost per unit)
6
Q
how do you find a margin percentage?
A
(unit margin) / (selling price per unit)
7
Q
what are the equations for weight and dry matter?
A
weight = % moisture + % dry matter
dry weight = % fat + % protein
8
Q
__kg = __g = __oz = __lb__oz= __lb
A
1kg = 1000g = 35.2oz = 2lb 3.2oz = 2.2lb
9
Q
how do you convert grams to ounces?
A
multiply by .035
