Markups

• Markups are applied to products with a retail price that is calculated using the Cost Price and the 'Expected' markup.

• By applying the markup, using the steps detailed below, Retail 365 will display an 'ERP' (Expected Retail Price) based on the markup selected

• You then have the option to use this calculated ERP or enter an alternative Retail Price

Please note: Once an 'Expected Markup' is selected on a product's file, it will feature in the Price Updates module. From here, ERP's can be applied to all products in bulk

How to Apply a Markup Rate to a Product

• From the Retail 365 main screen, search for the product you wish to apply a markup to either by name or barcode

• The product's file will then appear in a similar manner to that displayed below

• Select the General Information Tab

• From the Expected Markup dropdown select the markup you would like to apply to this product

• Retail 365 will then display the Expected Retail Price (ERP) beside the Retail Price field

• In this example, we have decided to ignore the ERP and assign an alternative Retail Price. However, now that the Markup has been selected, this ERP can be applied to the product at any point from the Price Updates (LINK) module

• Click

The window displayed below will appear temporarily confirming that the product has been updated successfully