Basic Math Concepts for Retail Buying
Retail buyers need to have a strong foundation in math concepts that involve decimals, percentages and fractions. You will learn how to add, multiply and divide decimals and then convert them to fractions and percentages. These basic concepts are the foundation for buying, planning and allocating retail merchandise.
For more on fashion retailing, view our other lessons: Understanding Retail Profit & Loss and Creating A Retail Merchandise Plan.
| Module | Description | Step |
|---|---|---|
| 1 | Working with Decimals | 1-2 |
| 2 | Adding Decimals | 1 |
| 3 | Multiplying Decimals | 1-2 |
| 4 | Dividing Decimals | 1-3 |
| 5 | Converting Percentages, Fractions & Decimals | 1-4 |
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MODULE 1 • Working with Decimals
| Step | Description |
|---|---|
| 1 | Today’s lesson is Basic Math Concepts for Retail Buying. Before delving into the systems of Apparel Buying, Planning and Allocation of Merchandise, let us review our understanding of decimals, percentages and fractions. |
| 2 |  |
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