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14 Cards in this Set
- Front
- Back
Initial Markup or IMU% can be found by this formula when the Gross Margin % and Retail Reduction % are Known
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Gross margin % + Retail Reductions %
____________________________ 100% (sales) + Retail Reductions |
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Initial Markup of IMU% can be found by this formula when the Gross Margin in $$$ and the Retail Reductions in $$$ are known
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$ Gross margin + $ Retail Reductions
__________________________ $ Sales + $ Retail Reductions |
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Cumulative Markup Percentage %% can be found with this formula
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Cumulative markup % = Cumulative markup dollars
___________________________ Cumulative retail dollars |
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When it comes to Maintained Markup:
You can calculate the Gross Margin % when you know the Net Sales and the Total COGS. |
GM% = Net sales – Total cost of goods sold
_________________________ Net Sales |
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When it comes to Maintained Markup:
You can calculate the Maintained Markup % when you know Net Sales and the Gross COGS. |
Net sales – Gross cost of goods sold
___________________________ Net Sales |
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When it comes to Maintained Markup:
You can calculate the Gross Margin % when you have the MMU $, + Cash Discounts and - Alteration Costs, and Net Sales. |
GM% = MMU + Cash Discounts – Alteration costs
__________________________ Net Sales |
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When it comes to Maintained Markup:
You can calculate the MMU % when you have the Gross Margin $ $, - Cash Discounts and + Alteration Costs, and Net Sales. |
MMU% = Gross margin – Cash Discounts + Alteration costs
_______________________ Net Sales |
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When it comes to Maintained Markup:
You can calculate the MMU% this way when you are given the Inital Markup and Retail Reductions are given |
MMU% = Initial MU% - [Retail reduction % X (100% - Initial MU%)]
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When it comes to Maintained Markup:
You can calculate the Retail Reductions % this way when you are given the Inital Markup , Sales (or 100%) and Maintained Markup |
Reduction % = Initial Markup % - MMU %
_____________________ Sales (100%) – Initial Markup % |
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Retail =
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Cost / (100% - MU)
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Cost =
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Retail x (100 - MU%)
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Markup =
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Retail $$$ - Cost $$$
___________________ Retail $$$ |
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Retail Reductions =
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Markdowns + Employee Discounts + Shortages
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Profits =
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Cash Discounts
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