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%