The price calculator tool assists in setting up selling prices for products. The calculator is accessed by pressing F8 while the cursor is in one of the six formula fields or at the Unit Price field for inventory.
HOW TO ACCESS THE CALCULATOR
- From the Products Browse screen, click the Selling Prices button
.
- Make sure the cursor is in a formula field.
- Press F8 to display the Price Calculator.
CREATING A FORMULA
Click the various buttons to create a formula.
Each button corresponds to the field on the products record.
To calculate a margin, click inside the margin field and enter the margin percentage.
Click the Calculate button and you are returned to the formula field, along with the calculated selling price placed in the Price field.
EXAMPLE
If the top selling price is normally figured by marking the "cut" price up by 45%, enter "(C + F)/.55".
The next price point down might be to sell it at a 40% profit. That would be entered "(C + F)/.6".
If you wanted to list an installed price by calculating the cut cost plus freight plus pad cost, you would first add up those costs, multiply the sum by your tax rate, add to it your contract installation rate, and mark the sum total up by 40%. Your formula would be "((C + F + P)*1.07+0) /.6"
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