This feature allows a price or the published cost to be increased or decreased based on a percentage of itself, or another price or the published cost. For example, you can make Price Level1 10% less than list price.
To use this feature, 1) Select the locations to update, 2) Select which item(s) to update, and 3) Select which prices to update.
Locations to Update
Update All Locations
The master UOM and the local inventory items for all locations will be updated.
Update All Master Pricing Locations
The master UOM and only the local inventory items for locations using master pricing will be updated.
Update Non-Master Pricing Location(s)
The master UOM will not be updated, and only the local inventory items for the selected location(s) not using master pricing will be updated.
Items to Update
Item
Updates only the item selected.
Manufacturer
If Product Line is not selected, updates all items assigned to the selected manufacturer. If a Product Line is selected, refer to Product Line.
Product Line
Updates all items assigned to the manufacturer and product line selected for that manufacturer. Items in sub-product Lines for the selected product line are not updated.
Product Group
Updates all items assigned to the product group selected. Items in sub-product group for the selected product group are not updated.
Prices to Update
Examples
Make Price Level1 10% less than the List Price
If the List Price is $100.15, Price Level1 would become $90.14. 10% less than the List Price is 90% of the List Price. (100% - 10% = 90%)
90 is the percentage you would enter: $100.15 x 90% = $90.14
Make Price Level1 10% more than the List Price
If the List Price is $100.15, Price Level1 would become $110.17. 10% more than the List Price is 110% of the List Price. (100% + 10% = 110%)
110 is the percentage you would enter: $100.15 x 110% = 110.17
Increase the List Price by 12.5%
If the List Price is $99.15, the List Price would become $115.54. 12.5% more than the current List Price would be 112.5% of the List Price. (100% + 12.5% = 112.5%)
112.5 is the percentage you would enter: $99.15 x 112.5% = $115.54
Decrease the List Price by 12.5%
If the List Price is $99.15, the List Price would become $86.76. 12.5% less than the current List Price would be 87.5% of the List Price. (100% - 12.5% = 87.5%)
87.5 is the percentage you would enter: $99.15 x 87.5% = $86.76
Make the List Price, Price Levels 1 & 2 more than the Published Cost
If Published Cost is $42.95, then List Price would become $57.98, Price Level1 would become $55.84 and Price Level2 would become $53.69.