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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
There are other pricing methods Pricing Methods available in the Pricing Level tab, in addition to the ones above.
- Discount Retail Price
- Select Discount Retail Price in the Pricing Method field.
- Enter a percent in the Amount/Percent field.
- Formula to compute for Unit Price field is Retail Price - (Retail Price * Percent entered)
Example:- Retail Price is 14.00
14.00 - (14.00 * 2%) = 13.72
14.00 - 0.28 = 13.72
- MSRP Discount
- Select MSRP Discount in the Pricing Method field.
- Enter a percent in the Amount/Percent field.
- Formula to compute for Unit Price field is MSRP - (MSRP * Percent entered)
Example:- MSRP is 16.00
16.00 - (16.00 * 2%) = 15.68
16.00 - 0.32 = 15.68
- Percent of Margin (MSRP)
- Select Percent of Margin (MSRP) in the Pricing Method field.
- Enter a percent in the Amount/Percent field.
- Formula to compute for Unit Price field is [(MSRP - Standard Cost) x Percent] + Standard Cost
Example:- MSRP is 16.00
- Standard Cost is 10.00
[(16.00 - 10.00) * 40%] + 10.00 = 12.40
(6.00 * .4) + 10 = 182.00
2.40 + 10.00 = 12.40
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