12. Markup or Margin
From TrueERP wiki
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
