Course Title: Merchandising Maths

Part A: Course Overview

Course Title: Merchandising Maths

Credit Points: 12.00

Terms

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,
Sem 2 2017,
Sem 1 2018,
Sem 2 2019

GRAP2436

Brunswick Campus

Undergraduate

375T Vocational Design and Social Context

Face-to-Face

Sem 1 2020,
Sem 2 2020

Course Coordinator: Tallal Khan

Course Coordinator Phone: +61 3 992 59118

Course Coordinator Email: tallal.khan@rmit.edu.au

Course Coordinator Location: 511.02.4B

Course Coordinator Availability: E-mail for appointment


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:

5.Analyse and interpret data to communicate effectively in roles of buyers, allocators and planners.

6.Demonstrate critical thinking and innovation when identifying and responding to problems in diverse context within the fashion and textiles industry.

 


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

 

1. Use tools (such as calculators and excel) to solve mathematical problems related to textiles and business and interpret results where applicable.
2. Explain the meaning of financial business terms used in the fashion industry and interpret figures related to the range of factors that affect profit
3. Complete a simple merchandise plan and explain its purpose
4. Apply break-even analysis to assess business profitability, and explain the assumptions and limitations
5. Complete costing sheets to calculate retail prices and explain the integral 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.
 

 Assessment Task                                                                 Course Learning Outcome             Grade %

 

  • Test 1
  • Test 2
  • Test 3
  • Test 4
  • CLO 1, 2
  • CLO 1,2, 4, 5
  • CLO 1, 2, 3
  • CLO 1
  • 30%
  • 30%
  • 20%
  • 20%