Product Details
Topics Covered
- Discount/markdown percentages
- Averages
- Profit margins
- Markups
- Inventory management
- Metrics for inventory
- Metrics for customers
- Metrics for sales employees
Key Features
- Mobile-friendly
- Audio-enabled
- Badge and credit-awarding
- Fully accessible
- Games & Flashcards
- Expert-supported
- Video content
- Real-world case studies
Course Preview
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
Notes
This course has an "Ask the Expert" feature, which submits your questions directly to an expert in the field you are studying. Questions are answered as quickly as possible and usually within 24 hours.
As an Accredited Provider, MindEdge offers for its learning events that comply with the Continuing Education and Training Standard.
Learners must achieve an average test score of at least 70% to meet the minimum successful completion requirement and qualify to receive credit. Learners will have three attempts at all graded assessments.
