MTH302 GDB Solution

Topic:

How Mathematics are involved in merchandising

Solution:

Merchandising is the activity of promoting the sale of goods, especially by their presentation in retail outlets.

Understand the ordinary dating notation for the terms of an invoice

 Solve merchandise pricing problems involving mark ups and mark downs.

 Calculate the net price of an item after single or multiple trade discounts

 Calculate a single discount rate that is equivalent to a series of multiple discounts.

 Calculate the amount of the cash discount for which a payment qualifies.

 Merchandising for Retail buying introduce merchandising and retailing student to the most important concept in retail math through step by step examples with practice problems and solution.

 When we start any new business, we need calculation in every step of growing business like Investment, Loss, Rates, Labors, Charges, Taxes, Discounts, Profits, Markups and downs.

 When we calculate all above we use Mathematics, different formulas like addition, subtraction. Then it is possible to calculate Merchandising.

 When we calculate all above then we analyze where we facing difficulties, which restrict us to grow business.

 Every Merchant in every store, no matter how large or small, should be familiar with mathematics.

In above we say that Mathematics play an important role In Merchandising.