Margins

[Econoo]

I have been importing my products in bulk and i have been entering what i thought the cost and purchase cost was for each product and the margins are all out. can anyone explain the break down into each item?

[Sam]

Hello there!

The following formula calculates the margin of your items:

(Price - cost ) / price* 100

(here is an example you can refer to):



( 15 - 3 ) / 15 * 100 = 80

 

Hope this was helpful!

[Bodie]

Good evening. Does the system allow you to set margins and automatically adjust if new cost is uploaded? It very labor intensive having to manually set margins and calculations.