1.Compare and contrast the ways merchants use retail mathematics formulas to evaluate profitability in their product area.

2. What is the best way for merchants to use retail mathematics to make sure they do not buy too much/too little merchandise?

3. What conclusions can be drawn by comparing competitors' pricing to pricing for the same or comparable items in your department or store?

4. Explain at least two ways in which retail mathematics is used to determine which merchandise is driving the majority of a store's business.

Compose your answers with a minimum of two paragraphs per question (minimum of 8 paragraphs total).