Set the profit model that will be used to calculate the prices for quotes and orders.
From the Preferences & Costs options, select "Quote Details."
Select "Edit" and choose which profit model best suits your quoting needs.
Margin
When the Margin option is selected the Price will calculate by applying a margin.
Price = Cost / (1 - % Margin)
e.g.,
Cost = $120.00
Margin = 25%
Price = $120.00 / (1 - 0.25) = $160.00
Markup
When the Markup option is selected, the Price will calculate by applying a markup.
Price = Cost * (1 + % Margin)
e.g.,
Cost = $120.00
Markup = 25%
Price = $120.00 * (1 + 0.25) = $150.00
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