Set your gross profit margins and markups for both Cost to Wholesale and Wholesale to RRP.
You can enter this information for all your selling currencies.
Important: Additional currencies are optional add-ons. Click here HELLO ZEDONK for more information about adding these to your system
Tip: On this screen SUGGESTED WHOLESALE PRICES by CURRENCY will be calculated by converting the COST PRICE using the EXCHANGE RATE and then applying the markup to give a SUGGESTED WHOLESALE PRICE - you can then enter the FINAL PRICE
1. Select Cost to Wholesale Markup
Select Cost to Wholesale Markup for this product as per the markups available as set up in settings
2. Select Wholesale to Retail Markup
Select the correct Wholesale to Retail Markup from the markups available as set up in settings
3. Total Cost
Total Cost is the total from the Costs Tab, for more details on Costs Tab
4. Markup (%)
Calculated from the Markup allocated at the top of the page
5. Suggested Wholesale
Sum from the Total Cost and Markup selected
6. Final Wholesale
You enter final Wholesale Price (or you can enter Retail Price and click SET FROM RRP)
7. Gross Profit / Margin
View true Gross Profit by value, % and multiple
8. Suggested Retail Price
Calculated by the Wholesale Price listed x RRP Markup selected
9. RRP
You enter final RRP
10. Select other currencies to confirm prices
Suggested is generated from Cost x Exchange Rate x Markup - NOT Default Currency Wholesale x Exchange Rate
To calculate Wholesale Prices from Default currency price:
2. Confirm Wholesale Price for this currency
3. Confirm RRP for this currency