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Mark Up % = (Selling Price - Cost) x 100 / Cost
Using the above example,
Mark Up % = (49.95 - 30.00) x 100 / 30.00 =
Calculation of a Quick
Weeks of Stock:
Inventory (at retail) divided by average weekly sales for
a given period of time.
So, if you have $8,000.00 worth of inventory in one
product, and your total sales of that product for the past
6 weeks is $12,000.00 the calculation would look like this:
$12,000.00 divided by 6 = average weekly
sales of $2,000.00
$8,000.00 divided by $2,000.00 = 4
This means that if you did not replenish your inventory
and sales continued at the same pace, you would deplete your
inventory of that product to zero within 4 weeks.
Arguably, the most
important retail success
Gross Margin Return on Inventory Investment (GMROII):
GMROII = GM% x (Sales / Avg. Inventory)
Example: Still using
the same numbers from Gross Margin calculation, assume that the store's net sales
over a period of 12 months is 24M and during this time it carries an average
inventory of 6M. Then:
GMROII % = 39.94 x (24 / 6) =
For other Gross Margin Return
Calculations like GMROF and GMROL refer to the Success Guide: Retail Math Made
Simple 3rd Edition.
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