Price Class
This field is used to display the customer types (i.e. retail or wholesale.) This field must be filled in for customer price structures. It should be left blank for quantity price structures.
The actual coding scheme used for price classes is user-defined. We mentioned retail and wholesale as two possible examples. You are free to choose your own conventions.
Lower Quantity
This field is used to display the lower quantity limit for a particular price. For example, if you buy less than 100 widgets, the price is 20¢. If you buy 100 or more widgets, the price is 15¢. The lower quantity limit for the 20¢ price is 0. The lower quantity limit for the 15¢ price is 100. This field must be filled in for quantity price structures. It should be left blank for customer price structures.
Margin
This is the percentage of the selling price that becomes gross profit. For example, if the selling price of an item is $2.00 and the margin is 50%, the gross profit is $1.00. This field is used to recalculate the price during the repricing process in the Inventory Control System. This field is used with both types of structures. Input to this field is optional.
Price
The price that appears here appears as the default price for this product when an order is entered. Both pricing structures use this field. The reprice process updates this field based on the Unit Cost and Margin. Input to this field is optional.
For more information on Inventory, see the C/Books Inventory Control Manual.