Changing the Profit Margin of a Product
The system enables you to precisely set a profit margin for each product and adjust the percentage at any time based on market changes or purchase costs.
- From the main menu, click on “Inventory,”
- From the dropdown menu, select “Products & Services.”
- Select the product for which you want to adjust the profit margin.
- Click the “Edit” button on the product display page.
- Enter the required percentage in the “Profit Margin” field.
When you enter the purchase price of the product along with the profit margin, the system will automatically calculate the selling price for you.