To set a standard sales price markup in the store, begin in the Products button
You will now be able to see all products available in your store. The item cost, sales price and profits will also be shown on this page. To set a standard markup for the store, choose the "Select all" button at the top of the page, or check individual boxes if you prefer to set prices for only a few items at a time.
The banner at the bottom of allows you to "Set sales price markup for products". You can then set the markup for a flat dollar amount, or percentage of the item cost.
- Set a fixed price markup ($) - Use this option to choose exactly how many dollars you would like to earn as a profit on this item. The final sales price is calculated and shown below. As the market price of blank goods fluctuate, the store sales price will fluctuate and maintain a consistent fixed profit for the item.
- Set a fixed price markup percentage (%) - Use this option to choose a percentage that the sales price should be marked up above the item cost. The final sales price is calculated and shown below. As the market price of blank goods fluctuate, the store sales price will fluctuate and maintain a consistent percentage margin for the item.
"Set markup" will activate these changes, and your profit will be calculated for each individual item that was selected in the store.
Be sure you have set the Account Disbursement details so there is no delay on receiving your profits!