Basic Markup Equations
FMM 225 Module Five Basic Markup Equations for Merchandising Decisions Guidelines and Rubric
Overview: The true value of spreadsheets is that the formulas automatically calculate your answers without the need to recalculate data every time an input number changes (which can be daily when selling merchandise). That is, once you set up the spreadsheet formulas, you can use the spreadsheet again and again, build a new tab, or simply save it as a new document.
Prompt: For this assignment you will use Excel to calculate a variety of markup problems, using formulas to make merchandising decisions. Specifically, you must complete the following:
1. Review the pertinent formulas from your resources. 2. Read each problem carefully from the “Problems” tab in the Module Five Basic Markup Equations for Merchandising Decisions Excel document. 3. Complete each problem using formulas.
Rubric
Guidelines for Submission: Submit the completed Excel document. You will need to have the correct formulas in the cells. Number-only responses will not be accepted for full credit.
Critical Elements Proficient (100%) Needs Improvement (55%) Not Evident (0%) Value
Men’s Swim Calculations are correct and the work to arrive at the answers is accurate
Calculations are partially correct Calculations are not accurate 11
Boutique Jewelry Calculation is correct and the work to arrive at the answer is accurate
Calculation is partially correct Calculation is not accurate 6
Sleepwear Buyer Calculations are correct and the work to arrive at the answers is accurate
Calculations are partially correct Calculations are not accurate 11
Belt Department Calculations are correct and the work to arrive at the answers is accurate
Calculations are partially correct Calculations are not accurate 11
Sporting Goods Calculations are correct and the work to arrive at the answers is accurate
Calculations are partially correct Calculations are not accurate 11
Men’s Short Calculation is correct and the work to arrive at the answer is accurate
Calculation is partially correct Calculation is not accurate 6
Critical Elements Proficient (100%) Needs Improvement (55%) Not Evident (0%) Value
Socks Calculations are correct and the work to arrive at the answers is accurate
Calculations are partially correct Calculations are not accurate 11
Housewares Calculations are correct and the work to arrive at the answers is accurate
Calculations are partially correct Calculations are not accurate 11
Tunics Calculations are correct and the work to arrive at the answers is accurate
Calculations are partially correct Calculations are not accurate 11
Mark Up Percentage Calculations are correct and the work to arrive at the answers is accurate
Calculations are partially correct Calculations are not accurate 11
Total 100%