Prism Users Guide - Chapter 5. Price, Cost, Discounts
5.1.1 About Price
Price is the amount that you charge a customer for an item or service. When adding a new item to Prism Inventory, you will enter a Price and Cost for the item. The difference between the Price and Cost is recorded in the Margin % field.
5.1.1.2 Price Fields
The following table lists price-related fields found in Prism. In Inventory Item Details, there is a Price/Cost tab where price-related fields are grouped.
| Field | Description |
|---|---|
| Price | The selling price for the item. |
| Price with Tax | In VAT environments, Price with Tax is used instead of Price to indicate the selling price for the item. |
| Orig Price | When working with prices and discounts (including promotions), the "orig price" (original price) is the price before discounts (i.e., the Inventory Price). If using price levels, the "orig price" value is, by default, the "Price" in the currently active price level; however, this can be changed in Admin Console > Node Preferences > Transactions > General: Bring original price from: [price level name]. |
| Margin % | The difference between the Price and the Cost. The cost is expressed as a percentage of the price. |
| Ext Price (Store and Company) | You can view the extended price for the item at the store and company level. Store: Price x Store OH Qty; Company: Price x Company OH Qty |
| Ext Price WT (Store and Company) | Same as above, except using Price with Tax. |
| Store Min Ext Price | The extended price for item at its minimum stock level. |
| Store Max Ext Price | The extended price for item at its maximum stock level. |
Sample Inventory Price and Cost Tab showing extended cost, extended price and margin
