I'm trying to work out how the profit margin works in RMS ver 2 on the Item properties - General tab.
When I have an item with no VAT the profit margin is correct but when I add the item tax (VAT) I can't come of with how it being worked out.
Does anyone know where I can get this information / documentation?
Thanks
Adrian
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Thanks for your reply. I will look at this.
the profit margin tab is just a margin between the two items average,this is not to be use for mark up..... the cost tab should be the cost-vat..then in the price field you use this formula...cost with out vat + mark up+vat
therfore eg. 100+25% mark up+ 15% vat= $143.25
if theres no vat ...use the cost field as the cost -the vat...then in the price tab use the cost price withouth the vat then add your mark up cost to it..thats all
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