We'll be looking at sample pricing, so we might as well rename Product Line 1 as "Sample Prices."
On the main screen, click the box where the term Select-a-
Floor appears.
Type in "Sample Prices" (without the quotes).
Hit the Enter key on the keyboard.
When you do so, the button adopts the new name, Sample Prices.
Click on Sample Prices.
This brings up the standard retail pricing screen.
Click on Tier Retail Pricing.
The Tier Retail Pricing screen comes up.
(Click to view full screen.)
The Tier Retail Pricing screen looks much the same as the standard retail screen.
But as we scroll down through the list, we see that items are sorted by tier, averaged prices are displayed, and the effective margin of retail versus cost has been calculated.
A product's tier classification is fully described by three attributes: The Display (or "pod") that it belongs to on the showroom floor; the Series (or valuation); and the Price Group.
If no Display or Series is specified for an item (say, when you create a list of your own), PriceUpdater can still average the prices for you, so long as you assign a number by which to group the items in the Price Group field. Numbers 0 through 9 sort nicely. If you need further breakdown and classification, also supply values in the Series and Display fields.
The sample pricing shown here uses a scheme of precious and semi-precious stones to describe each item's value in the Series field, while actual Carpet One pricing uses names of precious metals.
Let's modify the markup percentage for one item and see how that plays with other items in the same price grouping.
Fifth down from the top in the sample pricing is an item called "Freswick Bay."
Notice that the effective margin is only 35% .
