1 Pricing Tab

Wholesaler’s worst buy price for the product not including GST. This is used as a basis for recommended retail pricing as your list cost and the mark up creates the Retail Price.

This will usually change every few months when and if your Wholesaler increases the price.

The actual price paid for the product, not including GST.

This cost may fluctuate from one order to the next depending if it has been ordered through a Wholesaler or via
a turnover order that has been placed directly with the Sales Representative.

Automatically calculated by the system over time and this cost is based on the real cost of the product, excluding GST.

Price of the item to the consumer at the Point of Sale which includes GST (if applicable).

Price of the item to the consumer at Point of Sale excluding GST.

This field displays the main suppliers’ recommended retail price (if it is supplied) after running the LOTS price updates.

If the supplier does not provide a recommended retail price then this field will be greyed out and display $0.00.

Press this button if you would like to display the average retail price for this product.

Percentage mark-up based on the list cost of the product to achieve the retail price.

Percentage mark-up based on the real cost of the product to achieve the real cost.

Gross Profit % is the figure used to asses how much profit (after deducting the cost) that is gained from a product.

The algorithm used to calculate gross profit is GP = Retail minus Real Cost divided by Retail.

Dollar amount of GST added to product price.

If you enter a value in this section and use the LOTS Clubs when you are prompted at the commencement of a sale if it is a club sale and you answer ‘Yes’ it will apply the discount price that is within this field. This can either be a dollar amount discount or a percentage value discount.

Is what the store pays when they receive order in of this product from the Supplier or Wholesaler.

Either ‘0%; or ‘10%’.

Is what the consumer pays when they purchase this product at the Point of Sale.

Either ‘standard’ GST or GST ‘free to end consumer’.