Setting Up Pricing by Margin

In order to setup pricing based on a fixed margin percentage, you need to create a special attribute called Margin.

When you add the "Margin" attribute to a sku, it will automatically add a desired margin % to the average landed cost of the SKU.

 

1. Create a new SKU attribute (see: Adding New Attributes) with the name "Margin" and the "Text" format.

Capture22.PNG

Close-up of attribute setup window

 

The Margin % is calculated as follows: Price = AvgLandedCost  X (1 - Margin / 100)

Your Reg. Sell Price will be based on when your Average Landed cost is multiplied by (1 - your selected Margin % / 100)

 

2. Now if you create a new SKU (see: Adding a New SKU) you can see the Margin field in the attributes section. Now you can add a desired % value of Margin based on the Average Landed Cost of the SKU.

First select a SKU to open the SKU's Info tab.

margin_info.JPG

      Step 1. Enter the % value of Margin increase on the Avg. Cost

      Step 2. The Avg. Cost is shown here, this is what the markup increase value is based on.

      Step 3. The Reg. Sell Price will proportionally increase to the Margin %.

      Step 4. Click Save to finalize your Margin changes.

 

**Optional Step**

       To calculate Sell Price with the Margin attribute based on ListCost instead of the default LandedCost:

retail_on_listcost.JPG

       First Access the Setup Menu.

       Step 1: Select the Stores tab.

       Step 2: Select the Others tab.

       Step 3: Click the box.PNG next to "Retail on Listcost" to enable Listcost to calculate your Sell Price using the Margin attribute instead of the default Landedcost.

 

 

Article written with AmberPOS version 4.14.05.05

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