To change the item’s retail price, navigate to the main menu. Select Items>Change Item Retail Price
Select the items whose retail price you want to update.
NOTE: three options have been given to add specific items. To know more about how to select specific items using these options, refer to this article.
Once you have chosen the items, a new section will appear on the screen, showing the selected items in a tabular format.
Expand Show/Hide Retail Price Change Options link
Now you have the option to change the retail price through different methods
From the Action drop-down menu, select the action:
Percentage of Retail Price: If you want to increase or decrease the price of a product by a certain percentage of the retail price, select this option.
To increase the price: Enter the percentage of increase plus a hundred in the value field. For example, if the price of a product is 2600 and you want to increase it by 10% of the retail price, enter 110 in the Value field and the new price will become 2860.
To decrease price: Subtract the percentage you want to decrease the price by from 100 and enter in the value field. For example, if you want to decrease the price by 5 percent, you will enter 95 in the value field.
Then click Update to save records.
Percentage of Cost Price: Similarly, if you want to change the price by a certain percentage of the cost price, select this option. For e.g., if the cost price is 500 and in the value field you enter 120, the new price will show a 20 percent increase in the old cost price.
And if you enter 80 in the value field, the price will decrease by 20 percent of the cost price.
Then click Update to save records.