Pricing Methods

How do the different pricing methods calculate the sales price?

For any pricing method, enter either the percent/dollar amount or the sales price and the other field will be calculated for you.

None

• The sales price must be manually entered and is not dependent on any other fields.

Fixed Dollar Amount

• The sales price is calculated as: standard cost + a dollar amount

Markup Standard Cost

• The sales price is calculated as: standard cost * (1+specified percent)
  • For example, an item with a $10 cost and a 35% markup percent results in a $13.50 sales price.

Markup Standard Cost 2

• Same as markup standard cost, but based on standard cost 2.

Percent of Margin

• The sales price is calculated as: cost/(1-markup %)
  • For example, an item with a $10 cost and 35% margin results in a $15.39 sales price.
  • And do note, only values between 0 and 99 can be used for percent of margin.

Percent of Margin Cost2

• Works the same as percent of margin, but is based off of standard cost 2.

Discount Sales Price (only available in certain forms)

• The sales price is calculated as the sales price for that item minus the discount percent specified.
  • For example, an item with a $10 price and 15% discount results in an $8.50 sales price.

Discount Dollar Amount (only available in certain forms)

• The sales price is calculated as the sales price for that item minus the discount dollar amount given.
  • For example, an item with a $10 price and $2 discount results in an $8 sales price.