Setting up profit margin is very important. Once you assign it to a product, PriceCal will automatically generate the selling price base on your product cost (from source) and your profit margin rules.
(1) Click “Margin Setting”
(2) Click “Create” to setup a new profit margin condition.
(3) Give it a name and description. Do not use special characters such as !@#$%^&*
TIPS: If you have previously setup a profit margin, you can clone the data over and make adjustment from there. This will save you time.
For this tutorial, we will create the rules and conditions using the manual way.
(4) Click “Add new line” to begin.
(5) You can click as many rows as you need. Extra rows can be deleted later.
(6) Using the data in the table as example, the column “Max Amt” means that if the cost price is RM100 & below, add 50% profit margin.
EXAMPLE 1: Assume that the cost price is RM80, so based on this condition, PriceCal should add 50% of RM80 as profit to the cost price.
The price that customer will pay is RM40 (profit) + RM80 (Cost) = RM120 (Selling Price)
For the 2nd condition, the “Max Amt” is set as RM500. This means that if the cost price is between RM100 and RM500, add 40% profit margin.
EXAMPLE 2: Assume that the cost price is RM200, so based on this condition, PriceCal should add 40% of RM200 as profit to the cost price.
The price that customer will pay is RM80 (profit) + RM200 (Cost) = RM280 (Selling Price)
For the last row, it means above the “Max Amt“. This field is unable to be filled in as it takes the previous Max Amt before and add 0.001. Since the previous amount is set at RM1000, this last row will be above RM1000.0001. This means that if the cost price is above RM1000.0001, add 20% to the cost price.
EXAMPLE 3: Assume that the cost price is RM3000, so based on this condition, PriceCal should add 20% of RM3000 as profit to the cost price.
The price that customer will pay is RM600 (profit) + RM3000 (Cost) = RM3600 (Selling Price)
(7) Click “Confirm” to save
(8) Successfully added to the Margin Table.
See tutorial on assigning profit margin to product.
