Chapter 6 2 Solutions Merchandising Mathematics For Retailing 5th Edition
Generally, those markdowns relating to the customer-education factor (or just over-buying . . . again) will be permanent markdowns. These markdowns may be referred to as “backroom” markdowns, “bulk” markdowns or “permanent” markdowns. These markdowns serve to devalue the inventory for reporting purposes decreasing both insurance and taxes (if applicable). Remember, the markdown can be…