I posted one question set for you titled as '50 Short Questions for Merchandisers: Test Yourself where do You Stand'. I know that many of you tried to give answers to those questions and noted down those answers. As committed to you, here I am publishing answers to those questions.
Please check your answers with the answer sheet shown in the following table.
Question 1.
Please check your answers with the answer sheet shown in the following table.
Question 1.
Initial quantity break-up size wise XS=100, S=200, M=300, L=200, XL=100
Size wise consumption: XS=1.0, S=1.1, M=1.2, L=1.3, XL=1.4
After changes: quantity break-up size wise S=200, M=300, L=300, XL=100
So, Size wise Fabric consumption would be -
S@1.1 * 200=220 mtrs,
M@1.2 * 300=360 mtrs,
L@1.3 * 300 = 390 mtrs
XL@1.4 * 100 =140 mtrs
Therefore average consumption =(220+360+390+140)/900 =1.23333 Meters.
Question 2.
Size wise consumption: XS=1.0, S=1.1, M=1.2, L=1.3, XL=1.4
After changes: quantity break-up size wise S=200, M=300, L=300, XL=100
So, Size wise Fabric consumption would be -
S@1.1 * 200=220 mtrs,
M@1.2 * 300=360 mtrs,
L@1.3 * 300 = 390 mtrs
XL@1.4 * 100 =140 mtrs
Therefore average consumption =(220+360+390+140)/900 =1.23333 Meters.
Question 2.
When you break total quantity as per ratio you will size-wise quantity as following.
As a general rule size-wise consumption XS<S<M<L<XL.
So higher the quantity in higher sizes higher would be the consumption.
XS S M L XL
a. 0 1000 2000 2000 1000
b. 1000 1000 2000 2000 0
c. 1000 2000 2000 1000 0
d. 0 2000 2000 1000 1000
From the above quantity break-up, the descending order would be a<d<b<c
Question. 4.
XS S M L XL
a. 0 1000 2000 2000 1000
b. 1000 1000 2000 2000 0
c. 1000 2000 2000 1000 0
d. 0 2000 2000 1000 1000
From the above quantity break-up, the descending order would be a<d<b<c
Question. 4.
Break total FOB Rs 400 as per cost ratio
12 :1 :3 :1 :3
240 :20 :60 :20 :60
Fabric cost increased by 5% i.e Rs. 12. So margin will be less by Rs. 12.
12 :1 :3 :1 :3
240 :20 :60 :20 :60
Fabric cost increased by 5% i.e Rs. 12. So margin will be less by Rs. 12.
Current ratio is 252:20:60:20:48
Current margin = Rs. 48.
So reduction in margin = 12/60*100 = 20%
Question 5.
Question 5.
Matching left and right hand column
a) – iv);
b) – i);
c) –v);
d) – ii);
e) – iii)
a) – iv);
b) – i);
c) –v);
d) – ii);
e) – iii)
Question 41.
b. is most appropriate. Different agents used different calculation factors. It also depends on the importing country. For more reading check here.
b. is most appropriate. Different agents used different calculation factors. It also depends on the importing country. For more reading check here.
Question 46.
Answers.
Answers.
a) FPT: Fabric Package Testing
c) CIF: Cost Insurance Freight
d) LC : Letter of Credit
e) SKU: Stock Keeping Unit
f) DTM : Dye to Match
g) CPL: Cut panel Laundry
Friends, if anyone doesn’t agree with any answer given in the
above table please write in the comment box with justification.