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Profit mode

Your profit mode selection determines how the value in Profit calculates, either as a monetary amount that adds to the value in Cost of Goods or as a percentage of the value in Cost of Goods.

Description

A price floor calculates as:

You can select your profit mode on the Settings tab under Pricing General.

Caution  Profit mode is a global setting. When you change your profit mode, all inventory with an applied profit value—applied either at the inventory group or item level—switches modes and reprices accordingly. For example, 25% would change to $25.00 if you were to switch your profit mode from percentage to monetary.

For example, let's say that you:

Cost of Goods = $10.00
Profit = 25%
Floor Modifier = $1.00

Your price floor for all items in the inventory group calculates as:

If you change your profit mode from Profit is percentage of Cost of Goods to Profit is a monetary amount, items in the inventory group reprice as follows:

See also

Pricing overview

 

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