Combine Formula and Code Pricing

Available for pricing in the groups Matboard, Fabric, Mounting, and Glass, this check box allows you to price an item by Cost x Markup + Set Price PLUS a Code Table.

  • Available only for pricing items in the following Groups: Matboard, Fabric, Mounting, and Glass.

  • Allows you to price an item by Cost x Markup + Set Price PLUS a Code Table.

  • When applied to an item, the message at the top of the screen reads:

    “This item is being priced by: a combined formula and code table”

  • A few examples of how this method of pricing can be used:

    • FABRIC: use the Markup and Set Price to price the fabric and use the Code Table to cover the price of the substrate.

    • MATBOARD: use Markup and Set Price to create your prices and use the Code Table to influence a straight line or bell curve in the pricing line.

  • The checkbox is also found on the Pricing Options and Defaults screen. See: Pricing Options and Defaults for Moulding

How to Combine Formula and Code Pricing

Combine Formula and Code Pricing Checkbox

Before moving forward, make sure you have entered:

  1. The wholesale Cost of item (blue field)

  2. Your  Markup, e.g.  3.5 

  3. The Set Price (optional)

  4. The Code Table, e.g.  "GL05" 

Warning: When the checkbox is removed, FrameReady defaults to Price by Code Table only (because a Code Table was provided). If instead you wish to price by Set Price and Markup, then you must clear the Code field.

  1. Open the blue Pricing tab. Check the Combine Formula and Code Pricing checkbox.

Examples of how this Pricing Method can be Used

Fabric

  • Use the Markup and Set Price to price the fabric

  • Use the Code Table to cover the price of the substrate.

Matboard

  • Use Markup and Set Price to create your prices

  • Use the Code Table to influence a straight line or bell curve in the pricing line.

 

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