Formulas Flashcards
1
Q
Simple £markdown?
A
Original price - new retail price X what was sold
2
Q
Markdown cancellation
A
(Price which is back up - markdown price) X the number of items that NOT sold
3
Q
Net markdown
A
Total markdown - markdown cancellation
4
Q
Markdown %
A
Total markdown divided by net sales X 100
Can use to find net and total markdown if have other numbers
5
Q
Unit retail
A
Unit cost divided decimal markup
6
Q
Unit cost
A
Unit retail X decimal markup
7
Q
Net sales
A
(What was sold X markdown price) + (remaining not sold X mardown price)
8
Q
Total markdown?
A
(Number of items altogether X retail price) - (new price X number of items not sold)
