3-2 problem set

FMM 225 Module Three Basic Markup Equations Buying 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. Specifically, you must complete the following:

1. Review the pertinent formulas. 2. Read each problem carefully from the “Problems” tab in the Module Three Basic Markup Equations Buying 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

Retail Price: Pants Calculation is correct and the work to arrive at the answer is accurate

Calculation is partially correct Calculation is not accurate 4

Retail Price: Televisions Calculation is correct and the work to arrive at the answer is accurate

Calculation is partially correct Calculation is not accurate 4

Cost Price: Sweater Calculation is correct and the work to arrive at the answer is accurate

Calculation is partially correct Calculation is not accurate 4

Cost Price: Belt Calculation is correct and the work to arrive at the answer is accurate

Calculation is partially correct Calculation is not accurate 4

Markup Dollars: Tie Calculation is correct and the work to arrive at the answer is accurate

Calculation is partially correct Calculation is not accurate 4

Markup: Necklace Calculations are correct and the work to arrive at the answers is accurate

Calculations are partially correct Calculations are not accurate 6.3

Markup: Boots Calculations are correct and the work to arrive at the answers is accurate

Calculations are partially correct Calculations are not accurate 6.3

Cost Price: Sneakers Calculations are correct and the work to arrive at the answers is accurate

Calculations are partially correct Calculations are not accurate 6.3

Maximum Cost: Coat Calculations are correct and the work to arrive at the answers is accurate

Calculations are partially correct Calculations are not accurate 6.3

Cost Price: Boxed Jewelry Calculations are correct and the work to arrive at the answers is accurate

Calculations are partially correct Calculations are not accurate 6.3

Critical Elements Proficient (100%) Needs Improvement (55%) Not Evident (0%) Value

Department Maximum Costs Calculations are correct and the work to arrive at the answers is accurate

Calculations are partially correct Calculations are not accurate 6.3

Retail Price: Compact Calculation is correct and the work to arrive at the answer is accurate

Calculation is partially correct Calculation is not accurate 4

Retail Price: Sweater Calculations are correct and the work to arrive at the answers is accurate

Calculations are partially correct Calculations are not accurate 6.3

Retail Price: T-Shirt Calculations are correct and the work to arrive at the answers is accurate

Calculations are partially correct Calculations are not accurate 6.3

Cumulative Markup Percentages: Briefcases

Calculations are correct and the work to arrive at the answers is accurate

Calculations are partially correct Calculations are not accurate 6.3

IMU: Crew Neck Calculations are correct and the work to arrive at the answers is accurate

Calculations are partially correct Calculations are not accurate 6.7

Jewelry: Adequate Assortment

Calculations are correct and the work to arrive at the answers is accurate

Calculations are partially correct Calculations are not accurate 6.3

T-shirt: Retail Dollars Calculations are correct and the work to arrive at the answers is accurate

Calculations are partially correct Calculations are not accurate 6.3

Total 100%