Planning Your Markup/Margin Codes
Markup/Margin Codes allow you to vary the amount of margin/markup for combinations of customers and stock items. These codes are always based on last cost.
To help you set up your Markup/Margin Codes, set up a table of possible customer/stock item combinations and indicate whether the price is List, Margin, or Markup.
You would enter the customer portion of the Margin/Markup Code in the
Discount box of the
AR Customers window.
• NONPRO = Customers who work for a nonprofit
• MEMBER = Customers who are members of the store club
• TEACHR= Customers who are teachers
You would enter the stock item portion of the Margin/Markup Code in the Discount box on the Sales Info tab of the IN Stock window.
• FMRBST= Former bestsellers
• BUSINS= Business books
• REFERN= Reference books
. For Markup prices, a markup percentage will also be indicated.
Code | Customer Group / Stock Item Group | Pricing Type | Markup/Margin Percent |
|---|
NONPRO FMRBST | Nonprofit/ Former bestsellers | (List) | |
NONPRO BUSINS | Nonprofit / Business | (List) | 15% |
NONPRO REFERN | Nonprofit / Reference | (List) | |
MEMBER FMRBST | Club Member / Former bestsellers | Margin | 20% |
MEMBER BUSINS | Club Member / Business | (List) | |
MEMBER REFERN | Club Member / Reference | (List) | |
TEACHR FMRBST | Teacher / Former bestsellers | (List) | |
TEACHR BUSINS | Teacher / Business | Markup | 10% |
TEACHR REFERN | Teacher / Reference | Markup | 15% |
You’ve now identified the Margin/Markup Codes you need. Once you
create the Margin/Markup Codes, the system automatically administers the complex pricing policy with no additional effort from the salesperson.
Published date: 12/21/2020