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Retail Math

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Math is used at every level of retailing. From the basic functions of counting money and making change, to computing the total amount of a sales transaction involving calculating percentages to determine discounts, sales tax and shipping charges. More complex retail tasks require more advanced retail math skills. Use these retail math calculators, retail equations and formulas to calculate gross profit margins, cash flow, start-up costs, break even analysis, retail profitability, and dollar planning and control.
 
Calculate Inventory Turnover
Measuring inventory turn is the first step in building an inventory plan which eliminates unnecessary inventory and frees up cash. Here is how we calculate inventory turns to help create a proper inventory control.
Calculate GMROI
An important tool in analyzing your sales and inventory is GMROI (also known as GMROII) which stands for Gross Margin Return On Inventory Investment. The GMROI calculations assist buyers in evaluating whether a sufficient gross margin is being earned by the products purchased, compared to the investment in inventory required to generate those gross margin dollars.
Break-Even Point
What is the break-even point? The point in business where the sales equal the expenses. There is no profit and no loss.
Retail Math Formulas
Use these retail math formulas to track merchandise, measure sales performance and help create pricing strategies. Formulas for calculating markup, gross margin, open to buy and other retail math equations.
Calculator: Markup & Markdown
Calculate retail sales price of an item, as well as the profit or loss based on cost of goods, with this JavaScript calculator.
Calculator: Sales Increase & Decrease Precentage
Do you need to know how much retail sales were up or down compared to last year's sales figures? Just plug in the two sales amounts in the calculator below to determine the percent increase or decrease in sales.
Measuring Retail Performance and Productivity
Your shop has customers steadily coming through the doors, employees are busy and there is the frequent 'cha-ching' of the cash register, but how well is your business really doing? Use these retail math formulas and calculations based on sales to determine your store's performance and productivity.
Open-To-Buy Planning: Controlling Your Inventory
Good inventory control is critical to ensuring an adequate level of stock is on hand for the amount of sales being generated. A retailer can be sure to stock the right amount of the right products at the right time by using an Open-To-Buy (OTB) plan.
Retail Math: Using Percents
The longer a person is out of school, the easier it is to forget how to use percents and other basic business math formulas. Computer programs, cash registers and automated point-of-sale systems can easily complete the calculations; however there will be moments when retailers will need to process the numbers manually.
Startup Costs Calculator
Find out how much money you need to start your business with this Javascript calculator. Just plug in your startup figures and this calculator estimates the initial costs of starting your retail business.
Ratios and Formulas in Customer Financial Analysis
A variety of ratios and formulas including ratio analysis, the analysis of relationships between two or more line items on the financial statement.
Retail Margin And Markup Table
These formulas and table will help a retailer convert the different methods of arriving at a retail price, using the multiplier on cost to achieve the desired margin.
Retail Math Equations
The Apparel Search Company has compiled a list of retail formulas for calculating cost of goods sold, stock sales ratio, shrinkage and even a breakeven analysis.
Retail Sales Calculator
A Javascript calculator to determine various aspects of retail sales pricing and costs. This calculator uses markup to determine a selling price.