What is actual markup in SAP IS-R - SAP for Retail?

SAP Term: actual markup

• Component: IS-R

• Component Name: SAP for Retail

• Description: Retail Differs from the planned markup because it must round the final price to one of the valid price points. &Example& If your delivered purchase price is $10 and your planned markup is 5%, the system would first calculate a price of $10.50. If, however, the next valid price point is $10.99, the system displays this instead as the final price and displays the actual markup as 9.9%.

Smart SAP Assistant

• Key Concepts: 
  Actual Markup is a feature of the IS-R SAP for Retail component that allows retailers to calculate the actual markup of a product. This is done by taking into account the cost of the product, the selling price, and any discounts or promotions that may have been applied. The actual markup is then used to determine the profitability of a product. 
  
  How to use it: 
  To use Actual Markup, retailers must first enter the cost of the product, the selling price, and any discounts or promotions that may have been applied. The system will then calculate the actual markup of the product. This information can then be used to determine the profitability of a product. 
  
  Tips & Tricks: 
  When using Actual Markup, it is important to ensure that all relevant information is entered accurately. This will ensure that the system calculates an accurate actual markup and provides an accurate assessment of a product’s profitability. 
  
  Related Information: 
  For more information on Actual Markup and other features of IS-R SAP for Retail, please refer to the official SAP documentation.