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Erstellt von Katrina Smith
vor fast 2 Jahre
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Frage | Antworten |
Breakeven Point | Point at which seller has covered all expenses and costs and has made no profit or suffered a loss |
Contribution Margin | Difference between selling price and variable cost. |
Cost | Price retailers pay to manufacturer or supplier to bring merchandise into store. |
Dollar markdown | Original selling price less the reduction to price. Markdown may be stated as a percent of the original selling price. Example: Dollar markdown/original selling price |
Dollar Markup | Selling price less cost. Difference is the amount of the markup. Markup is also expressed in percent. |
Fixed cost | Costs that do not change with increase or decrease in sales. |
Gross Profit | Difference between cost of bringing goods into the store and selling price of the goods. |
Margin | Difference between cost of bringing goods into store and selling price of goods. |
Markdowns | Reduction from original selling price caused by seasonal changes, special promotions and so on. |
Markup | Amount retailers add to cost of goods to cover operating expenses and to make a profit. |
Net Profit (Net Income) | Gross Profit - Operating expenses |
Operating Expenses (overhead) | Regular expenses of doing business. These are not costs. |
Percent markup on cost | Dollar markup divided by the cost; thus markup is a percent of the cost. |
Perishables | Goods or services with a limited life. |
Selling Price | Cost plus markup equals selling price |
Variable Cost | Costs that do change in response to change in volume of sales |
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