Operating Expenses in Retail Shoe Stores in 1919

Cover Operating Expenses in Retail Shoe Stores in 1919
Operating Expenses in Retail Shoe Stores in 1919
United States Federal Trade Commission
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particular item. No one store had the lowest figure for e very- item. Similarity, no one store had the highest expense for every item.
The common figure is the figure that is the most representa- tive. It is the figure that is known in statistical terms as the mode, the point around which all the figures tend to con- centrate. It is worked out by scientific methods, which are not subject to influence by the extremes of either the high or the low figures. The common figure for each item, there-
...fore, is typical; it is the figure to be used for purposes of comparison.
The percentages in this table are based upon net sales. The figure for net sales is determined by deducting returns and allowances from gross sales. The figure for net sales in- cludes both cash and charge sales and represents the real volume of business done.
The following summary is based upon the reports received from one hundred ninety-seven retail shoe stores for the year 1919.
10 OPERATING EXPENSES IN RETAIL SHOE STORES IN 1919 Net Sales = 100 % Lowest Highest Common Wages of Salesforce 4.


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