Difference between revisions of "12. Markup or Margin"
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'''Markup or Margin''' | '''Markup or Margin''' | ||
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| + | Markup - is the difference between the lowest current offering price and the higher price that is charged to a customer. | ||
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| + | 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. | ||
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'''Markup or Margin- Can you alter your Gross Margin or Markup to create a sell price?''' | '''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''' | * 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''' | + | * 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 | * '''Select''' the button of choice | ||
| − | * After | + | * 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 | ||
Latest revision as of 03:44, 21 October 2015
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
