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- None
- Select None in the Pricing Method field.
- Will update the Retail Price field with an amount equal to the Standard Cost.
- Fixed Dollar Amount
- Select Fixed Dollar Amount in the Pricing Method field.
- Enter an amount in the Amount/Percent field.
- Amount entered in the Amount/Percent field will be added to the Standard Cost. Result of that will be shown on Retail Price field.
- Markup Standard Cost
- Select Markup Standard Cost in the Pricing Method field.
- Enter a percent in the Amount/Percent field.
- Formula to compute for Retail Price field is Percent entered in the Percent field plus 100% multiplied by the Standard Cost.
Example:- 40% is entered
- Standard Cost is 10.00
(40% + 100%) x 10.00 = 14.00
1.4 x 10.00 = 14.00
- Percent of Margin
- Select Percent of Margin in the Pricing Method field.
- Enter a percent in the Amount/Percent field.
- Formula to compute for Retail Price field is Standard Cost divided by 1 minus Percent entered
Example:- 25% 40% is entered
- Standard Cost is 15010.00
10.00 / (100% - 40%) = 16.67
10 / .6 = 16.67
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