Retail Math Basics

Numbers play a role in every retail business. From sales volumes to inventory counts, retailers need to understand how math can help them be successful. This course will cover some of the basic measurements and calculations used in the retail world. You will strengthen your math skills by working through examples and exercises, including calculating common retail metrics.

Learning Outcomes

• Understand the definition of percentage
• Apply concepts of percentages to perform related calculations
• Calculate averages related to retail businesses
• Calculate markup percentages and profit margins for products
• Calculate the retail price for a product using markup percentage and profit margin
• Define several key retail metrics related to inventory, customers, and employees
• Calculate several key retail metrics related to inventory, customers, and employees
• Apply break-even analysis to retail situations

Key Features

• Mobile-friendly
• Audio-enabled
• Badge and credit-awarding
• Fully accessible
• Games & Flashcards
• Expert-supported
• Video content
• Real-world case studies

Refund Policy

You may request a refund up to 7 days from the purchase date. The registration fee will only be refunded if less than 10% of the course has been completed. Completion percentage can be viewed on the Course Progress page from within the course.

Notes

Estimated time to complete: 5 hours

This course includes an “Ask the Expert” feature. You can use this feature to submit questions about course content. A subject matter expert will provide guidance or point you to additional resources for the topics you’re studying. Questions are answered as quickly as possible and usually within 24 hours.

Learners must achieve an average test score of at least 70% to meet the minimum successful completion requirement and qualify to receive IACET CEUs.