Markups

A markup is an amount that’s added to your cost for an item. To calculate an item’s price with a markup, TireMaster uses the following formula: Item Cost x Factor = Parts Price

For markups, enter the following settings for an item on the Site Prices and Quantity screen:

In the Op (operator) field, type an M.
In the Factor field, type the factor as a decimal.

The following table shows you the amount to type in the Factor field to calculate various markups:


Markup	Amount to type in the Factor field
10%	1.10
15%	1.15
20%	1.20
25%	1.25
30%	1.30

Once you have defined the operator and factor, recalculate the item’s parts price. For more information, see Recalculating Factor-Based Prices.

Note: For a group of similar items (such as those from the same product line), use Inventory List Editing to define the operator and factor. For more information, see Updating Information for More than One Item. If you have a group of items for which only the factors need to be updated, you can use the Pricing Wizard instead. For more information, see Updating the Factor for a Group of Items.