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RO MOD 2 Lesson 2 - Coggle Diagram
RO MOD 2 Lesson 2
Mandatory pricing policies
para 2100
6 % markup
Sundries(D3)
Uniforms(E1)
Toiletries(D1)
Tobacco Products
markup est. by
NEXCOM
Canned Sodas
35-55% markup(REDBULL IS NOT A SODA )
15 % is recommended, but ships may price merchandise to achieve a different gross margin if desired
Retail Gross Profit
10-20%
Transportation charges
add shipping charge to item as cost of operation charge
mark up 15% for (original price + operation charge)
for special order items only
Retail price adjustments
Stimulate sales for slow moving merchandise
Sell or dispose of damaged merchandise
Promotes sales - stimulate interest in store
Dispose of perishable merchandise
Types of Adjustments
para 2101
Markons
Increasing established selling price
No inventory needed but SO approves all adjustments
Markdown
reducing established selling price
25-50%
MARKDOWNS BELOW COST AND TO ZERO
para 7406
for to zero
Sales Officer can approve < $500.00
SUPPO approval authority of < $10K
Non-Epos price changes
Inventory items in Non-EPOS outlet
Post inventory in ROM III
Change retail price of item on stock record card
Change price on individual machine
Methods of displaying prices
a little bit in 2103
w/ UPCs
a
price book
Bin Pricing
Barcode. Register equipped with look-up feature
Accountable documents affected
Consolidated Stock Record Listing (B28)
Profit and Loss Statement (NAVCOMPT 153)
Profitability Reports