There are 2 different ways you can define the markups on the equipment in your projects- either in bulk by using the Define Markups tool, or individually by setting the specific markup for each item using the Markup % column in the Builder.
Define Markups in Bulk
The Define Markups tool is found within the Edit Items menu of the Builder. Clicking this button will reveal all of the tools within the menu.
Once the menu is open, you will also see checkboxes appear next to all of the items in the builder.
First, select the checkboxes for the items you would like to markup, and then click the "Define Markups" option.
In the window that pops up, you will have the option to set either a Markup or a Margin.
Markup is the percentage difference between the actual cost and the selling price, while Margin is the percentage difference between the selling price and the profit.
(Here is an article about Margin vs Markup, just in case!)
NOTE: Most users will use the markup tool to set their price based on cost. However, if there is a specific desired profit margin, we give you the ability to achieve that using the margin field on the right.
2nd NOTE: Markups are based on the COST of items. If you do not have a cost set, the markup will still be applied, making the Price of the item $0.00.
Once you have entered your desired percentage, click the Update button beneath the field that you used. This will apply the Markup to all of the items that you selected.
Define Markups for Individual Items
Enterprise users can also define markups for individual items by using the Markup % column in the Builder.
First, you'll need to enable the Markup % column by clicking the Edit Columns button on the top right of the Builder, select the checkbox for Markup %, and then click Save.
Once the column is enabled, click the Edit Items button to open the line items for editing, enter the desired markup % for each item, and click Save.
After you've edited the margin/markup, you can use the Smart Rounding tool to round out your prices.
You can also lock items to keep them from being affected by bulk margin/markup changes.
We hope this helps! Please reach out to us in support chat if you have any questions 🙂