Percentage markup on cost
Percentage markup on cost is a specific percentage applied to the cost price of a product to determine the new unit price.
For example, an item has a selling price of $50.00 and a cost price of $20.00. If a promotion sets a 50% markup on the cost price, the new unit price of the item will be $30.00. This is calculated by adding 50% of the cost price ($10.00) to the actual cost price ($20.00). Consequently, the discount offered on the item will be $20.00, which is the difference between the selling price ($50.00) and the new unit price ($30.00).
To configure the Percentage Markup on Cost, navigate to the Actions & Rewards section, click on the Reward Type drop-down, and select 'Percentage Markup on Cost' from the Pricing rewards.
-
In the Amount field, enter the ‘markup percentage’ to apply to the cost price of an item.
-
Enter the message in the Receipt Text box (up to 100 characters) to print on the receipt.
Note: NVL, as an enterprise, integrates with various POS systems or different promotion execution systems. The receipt message can get truncated due to specific configurations handling the length in the downstream integrations.
Discounted products
Select Discount Application Method from the drop-down. The method you select determines how the discount is applied to the transaction. Click here to learn more about the various discount application methods.
Applying discount application methods to percentage markup on cost
The table below lists each product action with a percentage markup on cost reward and the corresponding methods for applying the discount:
| Discount Application Methods | Spend Amount | Purchase Quantity | Purchase Volume | Purchase Weight |
|---|---|---|---|---|
| Apply to the same product item | When a certain amount is spent on items from a product group, a percentage markup will apply to the cost price of each item scanned from that group | When a certain number of items are purchased from a product group, a percentage markup will apply to the cost price of each item scanned from that group | When a specific volume of items are purchased from a product group, a percentage markup will apply to the cost price of each item scanned from that group | When a certain weight of items are purchased from a product group, a percentage markup will apply to the cost price of each item scanned from that group |
| Apply to different product item | When a certain amount is spent on items from a product group selected in the condition, each item scanned from the product group, individual item codes, or mix match group chosen in the reward will have a percentage markup applied to its cost price | When a certain number of items are purchased from the product group selected in the condition, each item scanned from the product group, individual item codes, or mix match group chosen in the reward will have a percentage markup applied to its cost price | When a specific volume of items are purchased from the product group selected in the condition, each item scanned from the product group, individual item codes, or mix match group chosen in the reward will have a percentage markup applied to its cost price | When a certain weight of items are purchased from the product group selected in the condition, each item scanned from the product group, individual item codes, or mix match group chosen in the reward will have a percentage markup applied to its cost price |
Weight or volume discount
When you select Apply as a weight or volume discount? as Yes, the discount applies to partial quantities of weighted items. This also enables the 'Weight/Volume Limit' in the Limits section.
Loyalty program
Selecting Earn to a Loyalty Program? as Yes enables customers to earn the discount reward as points or stored value balance by choosing a loyalty program type from the drop-down. Click here to learn more.
Limits
By default, the Limits are set to unlimited. Uncheck the checkbox to specify limits on the number of items, monetary value, weight, or volume.
-
Item Limit: Enter the maximum number of items to which the fixed amount off applies.
-
Dollar Limit: Enter the maximum dollar amount beyond which the discount cannot apply.
-
Weight/Volume Limit: Enter the maximum weight or volume limit beyond which the discount cannot apply.
When you enter a value in the Weight/Volume Limit field, the following options are enabled:
- Total: The limit applies on total weight of all items.
- Per Item: The limit applies on each weighted item.
Options
Configure the Chargeback Department, Discount Scorecard, and Scorecard Text for the reward. Click here to learn more.
Flex negative options are not relevant in the case of Cost Plus promotions, as the reward is configured with a markup on the cost price and not a reduction in the unit price.
Click Save to configure the reward.