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Author Question: Why are buyers evaluated based on gross margin results? What will be an ideal ... (Read 16 times)

imowrer

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on: Sep 11, 2018
Why are buyers evaluated based on gross margin results?
 
  What will be an ideal response?

Question 2

What is the formula for calculating the markup percentage on merchandise?
 
  What will be an ideal response?


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mathjasmine

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Reply #1 on: Sep 11, 2018
Answer to Question 1

Gross margin is the primary measurement of how well a buyer is performing his or her duties.
The gross margin number is central to the assessment of a buyer because buyers are accountable
for sales and cost of goods sold.

Answer to Question 2

Retail  cost / Retail = Markup


imowrer

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Reply 2 on: Sep 11, 2018
YES! Correct, THANKS for helping me on my review

dreamfighter72

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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