50 20 30 Markup. Original Retail Price New Retail Price Markdown. Test Your Knowledge Retail Math Quiz Answers are at the Bottom of the Page 1 What are the 6 Pillars of Retail.
Unit Turnover Unit Sales Average Unit Inventory.
Initial Margin is the difference between retail and cost Retail Cost IM expressed as a percentage of retail. Average Inventory Beginning of Month Inventory End of Month Inventory 2. Initial markup IMU is the difference between the sales price of a product and its cost. Inventory at beginning of year purchases or additions during the year goods available for sale - inventory at end of year cost of goods sold.