This column displays the percentage over cost that determines the level price of the item. If a level price is derived as a percentage amount over the real, market or base cost, it can be adjusted using the following procedure:

 

1.Select the % Over Cost field, of the level to adjust and press the Enter key

 

2.Enter the new markup percentage for the level and press the Enter key. The value in the Unit Price field will now be updated to reflect the new unit price of the level.

 

entrée will now maintain the markup percentage over the assigned cost method (real, base, or market) of the level whenever the cost of the item is changed.

 

 

•The % over cost is applied to the cost of the item based on the formula assigned to the price level.

Level Formula

Formula Description

% of Cost

Cost * ((% Over Cost / 100) + 1)

% of Sell Price

Cost / ((100 - % Over Cost) / 100)

 

 

•Rounding can also be performed on the level price when % over cost pricing is used.

 

Level Formula

Rounding Method

Rounding Level

Cost

% Over Cost

Unit Price

% of Cost

Nearest

Penny

$ 12.104

20.00 %

$ 14.52

% of Cost

Next

Penny

$ 12.104

20.00 %

$ 14.53

% of Cost

Nearest

Nickel

$ 12.104

20.00 %

$ 14.50

% of Cost

Next

Nickel

$ 12.104

20.00 %

$ 14.55

% of Cost

Nearest

Dime

$ 12.104

20.00 %

$ 14.50

% of Cost

Next

Dime

$ 12.104

20.00 %

$ 14.60

% of Cost

Nearest

Quarter

$ 12.104

20.00 %

$ 14.50

% of Cost

Next

Quarter

$ 12.104

20.00 %

$ 14.75

% of Sell Price

Nearest

Penny

$ 12.104

20.00 %

$ 15.13

% of Sell Price

Next

Penny

$ 12.104

20.00 %

$ 15.13

% of Sell Price

Nearest

Nickel

$ 12.104

20.00 %

$ 15.15

% of Sell Price

Next

Nickel

$ 12.104

20.00 %

$ 15.15

% of Sell Price

Nearest

Dime

$ 12.104

20.00 %

$ 15.10

% of Sell Price

Next

Dime

$ 12.104

20.00 %

$ 15.20

% of Sell Price

Nearest

Quarter

$ 12.104

20.00 %

$ 15.00

% of Sell Price

Next

Quarter

$ 12.104

20.00 %

$ 15.25