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Business math examples


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Business math examples

  1. 1. Business Math<br />Linda Santamaria<br />
  2. 2. P.P.K’s <br />P.P.K’s is a fashion retail company that sells merchandise ranging from T-shirts, skirts, and sweaters. <br />Our store’s home is in Las Vegas, NV. <br />Our target market are younger women ages 16-25. <br />
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  4. 4. Terms of Sale<br />4/10, n/30<br />Invoice Date: September 2, 2009<br />If Discount Taken Date: September 12, 2009<br />If Discount not Taken: October 2, 2009<br />% Cash Discount<br />Days to Pay Net Amount<br />Net Amount Due In<br />Days to take Discount<br />
  5. 5. Mark Up Strategy<br />Formulas<br />Selling Price: Cost + Markup <br />Percent Markup Based on Cost: %M cost=Markup/Cost<br />
  6. 6. Mark Down Strategy<br />Formulas<br />Amount of Markdown: Original Selling Price- Sale Price<br />Markdown Percent: Amount of Markdown/Original Selling Price<br />
  7. 7. Range of Merchandise Pricing<br />Formula<br />Range: Highest Value- Lowest Value<br />
  8. 8. Sales Tax<br />(Advameg, Inc., 2009)<br />Formulas<br />Sales Tax: Selling Price X Sales Tax Rate<br />Total Purchase Price: Selling Price + Sales Tax<br />
  9. 9. Formula<br />Mean: Sum of Values/Number of Values<br />
  10. 10. Selling Success of Items<br />
  11. 11. Frequency Distribution<br />
  12. 12. Sources<br />Advameg, Inc. (2009). Las Vegas: Economy. Retrieved 2009, from<br />Brechner, R. (2006). Contemporary Mathematics. South-Western.<br />