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PLEASE SHOW WORK! Retail Math Initial Margin & Initial Margin Mix Homework A buyer has purchased 5 , 0 0 0 units of a new
PLEASE SHOW WORK! Retail Math
Initial Margin & Initial Margin Mix Homework
A buyer has purchased units of a new product. The product costs $ per unit. If the buyer
needs an initial margin of what should be the initial retail price on this product?
A local clothing store is carrying a new line of merchandise. Included in this new line is a coat which
costs $ and retails for $ What is the markup on this coat?
A category manager has a budget for the upcoming year of $ at cost Their target IMU is
months into the buying season this category manager has spent $ of their budget. The
IMU on the purchased merchandise is
What IMU is needed on the remaining merchandise the merchandise they will purchase in the future
in order to achieve the target IMU for the entire category?
A locally owned home goods store has decided to test a new product line. The owner is unsure of
how well the products will sell, so has chosen to try only SKU's. For this new product line to be
successful, the owner feels it needs to have an IMU of at least
Projected cost and retail for the SKU's is shown below. Based on these numbers, what would the
IMU be for the entire line of merchandise? Will it achieve the targeted IMU If not, what would you
recommend the store owner do to fix the problem?
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