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Cost of goods

Cost of Goods is a fixed monetary amount that adds to the values in Profit and Floor Modifier to calculate an item's price floor.

Description

You can enter a fixed monetary amount in Cost of Goods—dollars (USD) for US-based merchants and pounds (GBP) for UK-based merchants— to manage the price floor of a specific item or inventory group.

A price floor calculates as:

Price Floor = (Cost of Goods + Profit) + Floor Modifier

Note When you enter an amount in Cost of Goods, consider how your profit is calculated—either as a monetary amount or as a percentage of the value entered in Cost of Goods. See Profit mode overview for additional information on how the profit mode you select determines how profit is calculated.

You can enter an amount in Cost of Goods either at the inventory group level on the Settings tab under Inventory Pricing or at the item level on the My Inventory tab. Consistent with other settings that can be set at both the item level and group level, a cost of goods set at the item level overrides a cost of goods set at the group level.

When you change a value in Cost of Goods, either at the inventory group or item level, all of the inventory that used the old value reprices using the new value.

Cost of goods

Description

See also