Update Prices using Markup rules

Update Prices using Markup rules

Setup Stock Markup

A markup percentage can be defined at a Department and/or Category level for Retail/Sell, Web and Trade Prices.
See Adding / Editing Departments or Adding / Editing Categories

When is Markup Used?

  1. Calculating new price when Cost Price Changes in Invoice Arrivals
    1. See Configuring Price Change Options for Invoice Arrivals
  2. Changing Cost Price in Stock Screen. Click Yes to recalculate Sell/Trade/Web Price

Change Prices in Stock Manager

Prices for a list of items in stock manager can be recalculated using a custom markup percentage.
On the right hand side, in the Pricing tab, use the Update Type of Markup.
See Making Bulk Changes Through Stock Manager

Check Stock Markups Utility

  1. From the Main Screen of Retailer, click Utilities -> Check Stock Markups.
  2. Tick Display Stock Items whose markup is too small to see Stock Items with Price Less than the markup calculated price
  3. Tick Display Stock Items whose markup is too large to see Stock Items with Price Greater than the markup calculated price
    Stock Items will only be listed if their Retail Price and Calculated Markup Price differ by the entered dollar amount
    eg Cost is $5. Markup is 100. Retail is $6.
    Calculated Markup Price is $10.
    Will show if dollar amount is less than $4 and markup is too small is ticked

  4. The New Retail column has the calculated Price Based on the Markup percentage. Change the number in the column to set a new Retail Price.
    The calculated price will obey rounding rules. See     Stock Price Rounding.
  5. Use the Delete Item button to remove the selected stock item from the list. The Retail price will not change for these items.
  6. Click Ok to Apply the New Retail Price

Recalculate Markup per Department and/or Category

  1. From the Main Screen of Retailer, click Utilities -> Update Prices per Department
  2. Select a price to Update
    1. Retail
    2. Trade
    3. Cost Inc
    4. RRP
    5. Web
  3. Use the > button next to each department to show categories for that department
  4. Per Department or Category, choose a Markup Calculation Type. Percentage Off Retail or Above Cost Inc
  5. Enter a new Markup in the This Markup column.
  6. Once all Markups are entered, click Update Prices to Recalculate prices for the highlighted departments/categories.
  7. Use the Reset Markups button to clear all entries from the grid.

    • Related Articles

    • Setting Up Trade Prices

      Retailer allows users to set trade prices for stock and allow specified trade customers to receive those trade prices for purchases. Before following the steps below, we recommend you perform a backup of your data. Enable Trade Pricing On the top ...

    • Retailer Utilities

      Below is a list of Retailer Utilities and a brief explanation of their function. Many should only be run under the advice of Tower Support. If you are unsure, contact Tower Support before clicking a Utility Visibility and Security Import / Export ...

    • Installing Retailer Updates

      This advice sheet details a step-by-step guide on how to download and install the latest version of the Retailer software. Downloading the Installation File Exit Retailer on ALL computers and start with the MAIN computer. Go to the Tower Systems ...

    • Tax Update Utility

      Warning: Using this utility will affect pricing of every item in the selection you make. Please be sure you want to do this before clicking anything other than the close button. This utility is used to update the tax rates on the different tax groups ...

    • Charging Different Prices for Customer Delivery / Putaway Orders Using Price Columns

      This is for Newsagencies Only Price columns can be used to charge different price points for publications. For example, when you want to do a discount offer on a subscription or when you want to charge a higher price due to the distance of delivery. ...