PriceMethod

Description

Specifies the price method to be used to calculate prices in the price book detail (price list) for an item in the Inventory module of Microsoft Dynamics GP.

Constant	Description
Currency Amount	A flat currency amount for each unit of measure in the price list.
Percent Of List Price	For each unit of measure, provide a percentage of the item's list price that is used to calculate prices. For example, the distributor's list price for a single can is $0.20, and you want to sell single cans at 250% of list. All single cans are sold at $0.50 (250% x $0.20). You can specify a different list price for each currency, if needed. List price x price percentage
Percent Markup Of Current Cost	Provide a percentage based on the current cost of each unit of measure. Each time you receive a shipment of an item, the price being charged for the item changes according to the item's current cost when it was received. For example, the current cost for single cans is routinely updated each time you receive a shipment. If you enter 150% as the price for Can, the price for single cans will always be 250% (100% + 150%) more than you paid for your last shipment. Current cost x (100% + price percentage)
Percent Markup Of Standard Cost	The prices you charge for each unit of measure are updated only when you update the standard cost. Because the standard cost is updated periodically, the standard cost doesn't always match the amount you most recently paid for an item. For example, if you enter 150% as the price for a single can, the price for single cans will always be 250% (100%+ 150%) more than the standard cost. Standard cost x (100% + price percentage)
Percent Margin Of Current Cost	Provide the profit percentage you want to achieve, based on the current cost of the item being sold. Each time you receive a shipment, the current cost for the item is updated and the price changes accordingly. For example, suppose you've entered a profit of 25%. The price for single cans will always be 25% more than the current cost. Current cost + [(current cost x price percentage)/(100% - price percentage)]
Percent Margin Of Standard Cost	The profit percentage you want to achieve is entered, based on the standard cost. Each time the standard cost is updated, the price changes, as well. For example, suppose you've entered a profit of 25%. The price for single cans will always be 25% more than the standard cost. Standard cost + [(standard cost x price percentage)/(100% -price percentage)]