Margin vs markup
MARGINS What is MARGIN? Why does Vision use MARGIN pricing? Margin is not the same as Markup. Markup takes the cost of an item, multiplies it by a percentage and then adds that value to the original cost. The example below will take a 20.00 cost item with a markup of 20% (Cost x percentage) + cost = selling pric…
Set class/margins by sales
The Velocity Margin and Popularity Manager allows the user to modify and change margins for any line code, class code, or combination thereof based on any price level in inventory. This tool also enables the pricing/margins/percentages to be set by the specific cost ranges. This area can be used for advanced pric…
