Real-Life Math
Teaching golf is an essential part of the job for golf club pros.
They teach all levels of players -- from beginning juniors and young adults
all the way to senior, experienced golfers who want tips on their game.
Yet
there's more to being a golf club pro than teaching. In fact, taking care
of the pro shop is a large part of a golf pro's responsibilities. Pros hire
employees and train staff. They also ensure that the shop's stock is priced
properly and that the store makes a profit.
"I wasn't a big math
guy in school, but thank God I have some skills because math is very important,"
says golf pro Mark Csencsits. "No matter where you're at in a facility, it's
all about the bottom line."
A golf club shop is just like any other
retail outlet -- it needs to have proper pricing, staffing and marketing.
- 3 sets of Callaway clubs at $2,995
- 4 sets of Spalding clubs at $996
- 6 sets of Golden Bear clubs at $1,200
- 3 sets of Greenaway clubs at $200
The receiving bill total is $20,779. Is this correct?
On the
top-of-the-line clubs (over $1,000), you want to make a 20 percent return.
What is the retail price for the top-of-the-line clubs?
For the intermediate-priced
clubs ($500 to $1,000), you want to make a 25 percent return. What is the
retail price for these clubs?
For the lower end clubs
(less than $500), you want to make a 33 percent return. What is the retail
price for these clubs?