P.P.K's is a fashion retail company located in Las Vegas, NV that sells clothing items to younger women ages 16-25. The document discusses various business math concepts including terms of sale, mark up and mark down strategies, pricing ranges, sales tax calculations, mean, frequency distributions, and sources. Formulas are provided for calculating selling price based on cost, percentage mark up and mark down based on original price, sales tax rates, and determining the mean.

1. Business MathLinda Santamaria

2. 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.

4. Terms of Sale4/10, n/30Invoice Date: September 2, 2009If Discount Taken Date: September 12, 2009If Discount not Taken: October 2, 2009% Cash DiscountDays to Pay Net AmountNet Amount Due InDays to take Discount

5. Mark Up StrategyFormulasSelling Price: Cost + Markup Percent Markup Based on Cost: %M cost=Markup/Cost

6. Mark Down StrategyFormulasAmount of Markdown: Original Selling Price- Sale PriceMarkdown Percent: Amount of Markdown/Original Selling Price

7. Range of Merchandise PricingFormulaRange: Highest Value- Lowest Value

8. Sales Tax(Advameg, Inc., 2009)FormulasSales Tax: Selling Price X Sales Tax RateTotal Purchase Price: Selling Price + Sales Tax

9. FormulaMean: Sum of Values/Number of Values

10. Selling Success of Items

11. Frequency Distribution

12. SourcesAdvameg, Inc. (2009). Las Vegas: Economy. Retrieved 2009, from City-Data.com: http://www.city-data.com/us-cities/The-West/Las-Vegas-Economy.htmlBrechner, R. (2006). Contemporary Mathematics. South-Western.