Full course description
Numbers play a role in every retail business. From sales volumes to inventory counts, retailers need to understand how math can help them be successful. This course will cover some of the basic measurements and calculations used in the retail world. You will strengthen your math skills by working through examples and exercises, including calculating common retail metrics.
Learning Outcomes:
Understand the definition of percentage
Apply concepts of percentages to perform related calculations
Calculate averages related to retail businesses
Calculate markup percentages and profit margins for products
Calculate the retail price for a product using markup percentage and profit margin
Define several key retail metrics related to inventory, customers, and employees
Calculate several key retail metrics related to inventory, customers, and employees
Apply break-even analysis to retail situations
Credits:
IACET CEUs: 0.5 (Contact Hours: 5 hours)
Estimated time to complete: 5 hours