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5.  Enter Price/Discount Mark Defaults

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5.

Most stores can ignore these Price Marks. Price marks are used for whole categories of goods whose prices change periodically such as gold. When an inventory  Major Class Code is created, there is a field for a price mark. This mark may be 1 through 9 or left blank.

 

 

 

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█                  GoldStar Jewelers ♦ Reset System Defaults                   █

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█      Enter the Price/Discount for inventory with Price Mark 1:      0.00     █

█       ”     ”    ”    ”      ”      ”     ”     ”           2:      0.00     █

█       ”     ”    ”    ”      ”      ”     ”     ”           3:      0.00     █

█       ”     ”    ”    ”      ”      ”     ”     ”           4:      0.00     █

█       ”     ”    ”    ”      ”      ”     ”     ”           5:      3.00     █

█       ”     ”    ”    ”      ”      ”     ”     ”           6:      0.00     █

█       ”     ”    ”    ”      ”      ”     ”     ”           7:      0.00     █

█       ”     ”    ”    ”      ”      ”     ”     ”           8:      0.00     █

█       ”     ”    ”    ”      ”      ”     ”     ”           9:      0.00     █

█      It’s more common to use these as Discount Marks than Price Marks.       █

█──────────────────────────────────────────────────────────────────────────────█

█                                                                              █

█ If you set a Price/Discount Mark for major class codes, the preceding        █

█ values are used at the point of sale. See Major Class Code Maintenance.      █

█                                                                              █

█ Enter a Negative number to specify a Standard discount, a Positive           █

█ number to specify a Selling price.                                           █

█                                                                              █

█                                                                              █

█                                                                              █

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If a number one through nine is entered in the price code entry field during class code setup, then when a sale is made, the Jewelry Shopkeeper will ignore the selling price that was entered when the item was received. Instead, the corresponding price that is entered in these fields will be used in its place. This is especially useful for inventory categories that have fluctuating prices that change daily. If you enter the new prices in the price mark entry fields for the affected class codes, then when making a sale, the correct price will always be displayed and you won’t accidentally over or under sell you merchandise. This code system is usually used in conjunction with selling certain items by weight rather than by piece.

 

If you enter a NEGATIVE number in any of these codes, then the code will be used as a discount percent. For example, if you assign –10.5 to code 8 and assign code 8 to all of your watch major class codes (in the major class code screen) then in the sale screen all watches will automatically discounted by 10.5% If you use the Jewelry Shopkeeper to print sales receipts, you have the option of printing both the regular price and the discounted price.

 

Since the Price Mark feature will override the ticketed price on the sales screen, you should not use this feature unless you are certain you will need it. I.E., leave the Price Mark as zero unless you are sure you want to use it.