13 Questions
What is the formula to calculate the wholesale margin?
($30 Wholesale - $15 COGS) / $30 Wholesale
What is the formula to calculate the retailer's margin when they use the suggested retail price (SRP)?
($75 Retail - $30 Wholesale) / $75 Retail
What is the formula to calculate your retail margin when you sell direct-to-consumer (D2C)?
($75 Retail - $15 COGS) / $75 Retail
What is the cost of goods sold (COGS) for one dress shirt?
$15
What is the wholesale price of one dress shirt?
$30
What is the suggested retail price (SRP) of one dress shirt?
$75
What is the wholesale margin?
50%
What is the retail margin when selling direct-to-consumer (D2C)?
80%
Match the following terms with their correct formulas:
Wholesale Margin = ($30 Wholesale - $15 COGS) / $30 Wholesale Retail Margin (Retailer) = ($75 Retail - $30 Wholesale) / $75 Retail Retail Margin (D2C) = ($75 Retail - $15 COGS) / $75 Retail Gross Profit Margin (D2C) = 80%
Match the following pricing strategies with their corresponding profit margins:
Wholesale Orders = 50% D2C Orders = 80%
Match the following prices with their corresponding roles:
$15 = Cost of Goods Sold (COGS) for one dress shirt $30 = Wholesale Price of one dress shirt $75 = Suggested Retail Price (SRP) of one dress shirt
Match the following terms with their correct definitions:
COGS = The cost to produce one unit of a product Wholesale Margin = The percentage of profit a manufacturer makes on a wholesale order Retail Margin = The percentage of profit a retailer makes on a retail order Gross Profit Margin = The percentage of profit a company makes on its products after subtracting the cost of goods sold (COGS)
Match the following formulas with their corresponding calculations:
($30 Wholesale - $15 COGS) / $30 Wholesale = Wholesale Margin ($75 Retail - $30 Wholesale) / $75 Retail = Retail Margin (Retailer) ($75 Retail - $15 COGS) / $75 Retail = Retail Margin (D2C)
Test your knowledge of retail margins with this quiz! Learn about the cost of goods sold, wholesale prices, suggested retail prices, and how to calculate wholesale and retailer margins. Sharpen your understanding of the financial aspects of selling dress shirts in the fashion industry.
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