FIFO Correct cost and 10% Mark Up on Every Material

JAYESH · 2008-03-13

HI Experts,

My customer want 10% Profit on Each Item.

My Price of the Material will be (Cost * (Profit + 100 / 100)).

For eg Cost = 1$
Profit = 10%
Price will be 1.10 $

So Price will also working like FIFO. Its changes every time depends upon the cost of the Item.

My customer want that once they consume Item, if he make mistake they can also put that back in to inventory.

Can any one tell me what is the best way to do this.

Thanx in Advance.

Alex_Chow · 2008-03-13

You'll have to make custom changes in order for that to happen. Basically, look at the layer available and reserve against it.

One major pitfall I can think of is that the price you're quoting has been taken out by another order, so the price you give to the customer is actually taken from another layer than you're originally quoting.

Savatage · 2008-03-13

JAYESH wrote:

My Price of the Material will be (Cost * (Profit + 100 / 100))

Just out of cuuriosity if you don't have it like this
(Cost * ((Profit + 100) / 100))

Won't the 100/100 happen first therefore equaling 1 - then why not have 1?

Or have I been without enuf sleep for too long and it wouldn't matter 8-[
I remember from grade school that an equasion does the Times & divide before the add & subtract

Say profit = 1000
1000 + 100 /100 = 1001
(1000 + 100)/100 = 11

FIFO Correct cost and 10% Mark Up on Every Material

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