View source for 12. Markup or Margin

'''Markup or Margin'''

Markup - is the difference between the lowest current offering price  and the higher price that is  charged to a customer.

Gross Margin - Gross income divided by net sales, expressed as a percentage. Gross margins reveal how much a company earns taking into consideration the costs that it incurs for producing its products and/or services.


'''Markup or Margin- Can you alter your Gross Margin or Markup to create a sell price?'''

'''Main Menu''' 
*Select '''Inventory''' 
*'''Products Express List''' button.
* Double click your selected '''product'''
* Under the '''Main''' tab on your product card in the middle of the screen you will see '''Markup''' and '''Gr. Margin'''
* '''Select''' the button of choice
* Qty Sell and Price (Inc) Enter as the same as Quantity Buy - if you wish to put on a % to the Cost price enter that value into the % (Ex): Cost/Sell field and select either Markup or Gross Margin 
* After you've selected '''Markup''' or '''Gr. Margin''' - this will automatically calculate the '''Sell prices'''
*Save