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You Paid What For That?!: How to Avoid Paying Full Price for Clothing
by Staff
Shopping for clothes can be expensive; fortunately, armed with a little know-how, you can save money and dress like a million bucks! See if you're in-the-know or out of the fashion loop.

The standard markup for retailers is known as:

  • Keystone
  • Cornerstone
  • Fieldstone

What Web site sales open for a limited time to members only?

  • Midnight minutes
  • Flash sales
  • Auctions

Which of the following is not a "flash" sale site?

  • Gilt Groupe
  • RueLaLa
  • ShopItToMe

Who determines the MSRP?

  • The manufacturer
  • The marketing department
  • The merchandiser

What is the typical markup on fashion items?

  • 2.2 to 2.6 times wholesale price
  • 2.5 to 3.5 times wholesale price
  • 3.0 to 3.8 times wholesale price

What is the definition of retail markup?

  • The difference between wholesale cost and retail price as a percentage
  • The price that's required to make a profit after overhead and salaries
  • Two times the manufacturing cost

Some True Religion jeans retail for over $300; what do they cost to manufacture?

  • $50
  • $25
  • $100

How do modern retailers decide when to mark down prices?

  • By using specialized software
  • By researching what customers will pay
  • By trial and error

Where does the merchandise on flash sites come from?

  • Excess supply from designers & merchants
  • End-of-season goods from department stores
  • Factory-seconds from the manufacturer

Most retailers offer regular discounts if you sign up for this:

  • E-mail
  • Catalogs
  • Phone calls

Who can keep you up-to-date about department store or boutique sales?

  • Personal shopper
  • Stylist
  • Tailor

Where can you find high quality, gently used items at a fraction of their original cost?

  • Boutiques
  • Consignment stores
  • Dollar stores

Look for one-of-a-kind, handmade accessories at this Web site:

  • Etsy
  • Anthropologie
  • Swirl

What Web site lets you place bids on new or used clothing, shoes and accessories?

  • Zoox
  • Auction.com
  • eBay

T.J. Maxx and Marshall's often buy inventories from:

  • Clothing brokers
  • Up-and-coming designers
  • Luxury manufacturers

A retailer relies upon markup to pay all except:

  • Rent
  • Salaries
  • Sales tax

What type of merchandise can you find at outlet stores?

  • Products made by a designer especially for outlets
  • Unsold goods and factory seconds
  • Depends on the brand

Where can you rent a designer handbag for a fraction of its retail price?

  • BagBorroworSteal
  • Shopafrolic
  • Zappos

Besides haute couture, what category of clothing fetches the highest retail prices?

  • Prêt-à-porter
  • Contemporary
  • Mass market

What web service lets you track prices on favorite brands?

  • Priceline
  • MyPerfectSale
  • Ideeli