P.P.K’s P.P.K’s is a fashion retail company that sells merchandise ranging from T-shirts, skirts, and sweaters. Our store’s home is in Las Vegas, NV. Our target market are younger women ages 16-25.
Terms of Sale 4/10, n/30 Invoice Date: September 2, 2009 If Discount Taken Date: September 12, 2009 If Discount not Taken: October 2, 2009 % Cash Discount Days to Pay Net Amount Net Amount Due In Days to take Discount
Mark Up Strategy Formulas Selling Price: Cost + Markup Percent Markup Based on Cost: %M cost=Markup/Cost
Mark Down Strategy Formulas Amount of Markdown: Original Selling Price- Sale Price Markdown Percent: Amount of Markdown/Original Selling Price
Range of Merchandise Pricing Formula Range: Highest Value- Lowest Value
Sources Advameg, Inc. (2009). Las Vegas: Economy. Retrieved 2009, from City-Data.com: http://www.city-data.com/us-cities/The-West/Las-Vegas-Economy.html Brechner, R. (2006). Contemporary Mathematics. South-Western.