Markup

The markup is the value that is multiplied by the cost price to get the tax exclusive/free price. For example, if an item cost you $100 and you wanted to make $100 you would have a mark-up of 2. So the sale price would be $200 plus tax (100 x 2=$200 tax exclusive + eg $20 tax=$220).

New Markup Table

The new markup configuration provides enhanced flexibility, allowing markups to be applied using multiple criteria, such as Department, Category, Metal Type, Suppliers, Supplier Codes, Quantity Range and Cost Range.

To Create a New Markup, follow the steps below:

1. Navigate to Utilities > Stock/Supplier.
2. Select Markup.
3. Enter the New Markup fields (Department, Category, suppliers) as per your need.
4. Set the markup value depending upon the option you choose from dropdown. ('x' means Multiply and '$' means Dollar value.)
5. Click Save Markup.
6. Repeat Steps 3-5 to create Markups as per you need.
7. Ensure that all required markup rules have been created.
8. Uncheck the option 'Disable Legacy Markup Table'.
9. Setup 'Default Markup' Value. (When the stock item does not match any existing markup rules, the system automatically applies the default markup value).
10. Select the option 'Update Existing Stock Prices' and Save Settings. (Update Existing Stock Prices option applies the current markup settings to all existing stock items in the system).