Course Title: Merchandising Maths

Part A: Course Overview

Course Title: Merchandising Maths

Credit Points: 12


Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

GRAP2436

Brunswick Campus

Undergraduate

350T Fashion & Textiles

Face-to-Face

Sem 2 2011,
Sem 2 2012,
Sem 2 2013,
Sem 1 2014,
Sem 2 2014,
Sem 1 2015,
Sem 2 2015,
Sem 1 2016,
Sem 1 2017

Course Coordinator: Barbara Kuczuk

Course Coordinator Phone: +61 3 9925 9195

Course Coordinator Email: barbara.kuczuk@rmit.edu.au

Course Coordinator Location: 511.2.01


Pre-requisite Courses and Assumed Knowledge and Capabilities

You should have satisfactorily completed Year 10 Mathematics before you commence this course.


Course Description

This course provides you with knowledge and skills to perform mathematical calculations involving margin percentages, mark-up percentages, markdowns, GST, stockturn and breakeven analysis. You will develop a simple merchandise plan and use a variety of costing sheets to calculate final retail prices of fashion garments.


Objectives/Learning Outcomes/Capability Development

In this course you will develop the following program learning outcomes:

  • Communicate effectively to audiences about retail information for successful merchandise management and planning.


Upon successful completion of this course you will be able to:

  • Perform calculations involving percentages (markup, margins, markdown, GST, change in sales)
  • Explain the meaning of financial business terms used in the fashion industry and interpret figures related to the range of factors that affect profit
  • Perform calculations involving performance indicators (GMROI, stock turn, gross margin %) and interpret their meaning
  • Complete a simple merchandise plan and explain its purpose
  • Apply breakeven analysis to assess business profitability and explain the assumptions and limitations
  • Complete costing sheets to calculate retail prices and explain the constituent parts


Overview of Learning Activities

You will be engaged in learning that involves class discussion and self-directed learning.


Overview of Learning Resources

RMIT will provide you with resources and tools for learning in this course through our online systems.
A list of recommended learning resources will be provided by your lecturer including books, journal articles and online resources. You will also be expected to seek further resources relevant to the focus of your own learning.
The University Library has extensive resources for Fashion and Textiles students. The Library has produced a number of subject guides that includes quality online and print resources for your studies

Fashion and Textiles Library Guides.

 

The Library provides guides on academic referencing and subject specialist help via your Liaison Librarian Michelle Matheson michelle.matheson@rmit.edu.au (Brunswick).


Overview of Assessment

You will be assessed on how well you meet the course’s learning outcomes and on your development against the program learning outcomes. Feedback will be given on all assessment tasks.

If you have a long term medical condition and/or disability it may be possible to negotiate to vary aspects of the learning or assessment methods. You can contact the program coordinator or the Disability Liaison Unit if you would like to find out more.

A Student Charter summarises your responsibilities as an RMIT student as well as those of your teachers.

Your course assessment conforms to RMIT assessment policies and procedures.