Margin is the difference between Price and Cost. Margin can be expressed in three different ways:
- Margin %
- Markup %
A change made to price, cost, or margin always causes a change to one of the other values. If you edit cost or price, the Margin %, MarkUp %, and Coefficient will change. If you edit the Margin %, MarkUp %, or Coefficient, the Price or Cost will change.
You can view an item's Margin Percent and Amount by viewing the item's record and clicking the Price/Cost button.
Inventory Margin fields
In Prism Node Preferences > Merchandise > Inventory > General, you can choose whether changes to margin affect price or cost. Note: When using sales tax, you typically want changes in margin to affect an item's cost; when using VAT, you typically want changes in margin to affect an item's price.
|Margin %||Margin percentage. The cost as a percentage of the price.|
|Markup %||The percentage difference between the cost and the price.|
|Coefficient||The Price as a percentage of the cost.|
Sample Margin Values
|Coefficient||Markup %||Margin %|