Cost List Selling & Calculated Price SMOTGO
Question: What is the difference between cost, list price, selling price, and calculated price?
Answer: Cost is pretty straight forward, this is what the part actually costs you. List price is the manufactured suggested price for selling the part. Selling price is the amount you want to charge the customer for the part if you are not using a pricing matrix or there is not a matrix for that particular part / customer / vehicle combination. The calculated price is the actual price the customer is charged for the part. This is called calculated because it is calculated based on the way you have configured your pricing. This price could be different for every customer / vehicle if chose to set it up that way.
If you want to learn more about setting up a pricing matrix, see the video below.