SELF-SEEVHSTG IN EETAILING FOOD PRODUCTS. 45 



without regard to whether the payment is made before, during, or 

 after the period during which the operation is carried on. 



Changes in retail prices are recorded on a form similar to Form 2, 

 "Stock Control Adjustment — A." A new copy of the form can be 

 used each day, or the same one used until it is filled. The manager 

 or proprietor should fill out the first five columns — Date, Description 

 of Article, Unit, Old Price, and New Price — for each article on which 

 a change in price is made. The form should be used as the authoriza- 

 tion for the price change itself to make sure that it will be properly 

 filled out. After the above entries have been made by the proprietor 

 for all articles on which he wishes a price changed, the form should 

 be given to the stockman, who makes the actual price change on 

 the merchandise itself. At the time of making this change he should 

 count the number of articles, both on display and in the stock room, 

 and enter the number on the proper line under " Inventory." After 

 this has been done the sheet should go to the cashiers and checkers 

 in order that they may become acquainted with the new prices. If 

 desired, each of these emploj^ees should be requested to sign his 

 name on the back of the sheet to show that he has been informed as 

 to the changes. 



If this system is used in connection with a chain-store organization 

 it might be well to leave the " old price " blank and have the mana- 

 gers of the branch stores fill this in as they make the changes. This 

 would inform the central office as to whether the managers had been 

 getting the proper price. 



When the form has been returned to the office the unit change in 

 price should be entered in the proper column under " Change in 

 price." This should then be multiplied by the inventory and the 

 product entered in the proper column under " Change in stock con- 

 trol." In order that the procedure may be more readily understood, 

 the following examples are given : One showing an advance in price 

 and the other a decrease in price. The information is given as it 

 would appear on Form 2, reading from left to right. 



(1) July 2, Blend A coffee, 1 pound, old price 35 cents, new price 

 38 cents, 53 pounds. Under " Change in price," 3 cents would be en- 

 tered in the " Up " column. This, multiplied by the inventory, should 

 give $1.59, which should be entered under " Change in stock control " 

 in the " debit " column. The reason for this is that the 53 pounds 

 had been charged in at only 35 cents per pound but is to be sold at 

 38 cents per pound; and, therefore, the charges to the stock-control 

 merchandise account, in order that the latter may correspond with 

 the sales account, should be increased by this difference, or $1.59. 



(2) July 3, Jonathan apples, 1 pound, old price 7 cents, new price 

 5 cents, 136 pounds. Under " Change in price," 2 cents would be 

 entered in the " Down " column. This, multiplied by the inventory, 



