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        <a class="WebWorks_Breadcrumb_Link" href="inventory.10.1.htm#1088426">Inventory</a> &gt; Setting item prices</div>
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      <blockquote>
        <div class="hs_SectionHeading"><a name="1088426">Setting item prices</a></div>
        <div class="b_Body"><a name="1088428">You can set the default selling prices of the items you sell in the </a><span class="w_Widgets">Set Item Prices</span> window. Then, if required, you can change the prices at the point of sale, which overrides the default prices for that only sale.</div>
        <div class="hp_ProcedureHeading" onclick="WebWorks_ToggleDIV(WebWorksRootPath, &quot;wwdd1157544&quot;);">
          <span class="N_007eProcBullet"></span><a name="1157544">Average Cost and Last Cost</a><script type="text/javascript" language="JavaScript1.2">WebWorks_WriteArrow(WebWorksRootPath, "wwdd1157544", false);</script></div>
        <script type="text/javascript" language="JavaScript1.2">WebWorks_WriteDIVOpen("wwdd1157544", false);</script>
        <div class="b_Body"><span class="w_Widgets"><a name="1157545">Average Cost</a></span> is calculated as the total cost of an item (the total amount you have paid to purchase the item or the cost entered when you transferred the item into inventory) divided by the number of units of that item you have on hand. </div>
        <div class="b_Body"><span class="w_Widgets"><a name="1157547">Last Cost</a></span> is the most recent purchase price for the item.</div>
        <script type="text/javascript" language="JavaScript1.2">WebWorks_WriteDIVClose();</script>
        <div class="hp_ProcedureHeading" onclick="WebWorks_ToggleDIV(WebWorksRootPath, &quot;wwdd1088438&quot;);">
          <span class="N_007eProcBullet"></span><a name="1088438">To change the price of an item</a><script type="text/javascript" language="JavaScript1.2">WebWorks_WriteArrow(WebWorksRootPath, "wwdd1088438", false);</script></div>
        <script type="text/javascript" language="JavaScript1.2">WebWorks_WriteDIVOpen("wwdd1088438", false);</script>
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                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">1	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1107035">Go to the </a><span class="w_Widgets">Inventory</span> command centre and click <span class="w_Widgets">Set Item </span><span class="w_Widgets">Prices</span>. The <span class="w_Widgets">Set Item Prices </span>window appears. </div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bsc_BodyStepContinued"><a name="1088447">If an item is not listed, it means that you haven’t selected the </a><span class="w_Widgets">I Sell This Item</span> option on the <span class="w_Widgets">Profile</span> tab of the <span class="w_Widgets">Item </span><span class="w_Widgets">Information </span>window.</div>
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                  <span class="N_007eStepNum">2	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1088448">Click in the </a><span class="w_Widgets">Current Price </span>column of an item and enter a new price. Do this for each item price you want to change.</div>
              </td>
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          </table>
        </div>
        <div class="bsc_BodyStepContinued"><a name="1088449">You can enter unit prices with up to four decimal places. On </a>your invoices, the unit price is multiplied by the quantity sold and the result is rounded to two decimal places. </div>
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                  <span class="N_007eStepNum">3	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1088450">Click </a><span class="w_Widgets">OK</span>.</div>
              </td>
            </tr>
          </table>
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        <script type="text/javascript" language="JavaScript1.2">WebWorks_WriteDIVClose();</script>
        <div class="hp_ProcedureHeading" onclick="WebWorks_ToggleDIV(WebWorksRootPath, &quot;wwdd1088451&quot;);">
          <span class="N_007eProcBullet"></span><a name="1088451">To update the prices of multiple items at once</a><script type="text/javascript" language="JavaScript1.2">WebWorks_WriteArrow(WebWorksRootPath, "wwdd1088451", false);</script></div>
        <script type="text/javascript" language="JavaScript1.2">WebWorks_WriteDIVOpen("wwdd1088451", false);</script>
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                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">1	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1088453">Go to the </a><span class="w_Widgets">Inventory </span>command centre and click <span class="w_Widgets">Set Item </span><span class="w_Widgets">Prices</span>. The <span class="w_Widgets">Set Item Prices </span>window appears.</div>
              </td>
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                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">2	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1088455">Click in the select column (</a><img id="1151517" class="Default" src="images/inventory.10.10.2.png" width="20" height="19" style="display: inline; float: none; left: 0.0; text-align: center; top: 0.0;" />) next to the items that require a price update. </div>
              </td>
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          </table>
        </div>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
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                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">3	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1088462">Click </a><span class="w_Widgets">Shortcuts</span>. The <span class="w_Widgets">Pricing Shortcuts</span> window appears.</div>
              </td>
            </tr>
          </table>
        </div>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
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                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">4	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1088470">Indicate how you want the price rounded, the basis for </a>calculating the price, and so on.</div>
              </td>
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          </table>
        </div>
        <div class="bsc_BodyStepContinued"><a name="1088471">For example, if you want to mark up the items’ prices by </a>10%, select the <span class="w_Widgets">Percent Markup</span> option and type <span class="vu_UserVoice">10</span> in the adjacent field.</div>
        <div class="bs_BodyStep_outer" style="margin-left: 0pt;">
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                <div class="bs_BodyStep_inner" style="width: 14.1732283464567pt; white-space: nowrap;">
                  <span class="N_007eStepNum">5	</span>
                </div>
              </td>
              <td width="100%">
                <div class="bs_BodyStep_inner"><a name="1088472">If you want to:</a></div>
              </td>
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        <div class="bsb_BodyStepBulleted_outer" style="margin-left: 14.1732283464567pt;">
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                <div class="bsb_BodyStepBulleted_inner" style="width: 9.9212598425197pt; white-space: nowrap;">
                  <span style="color: Gray;">■</span>
                </div>
              </td>
              <td width="100%">
                <div class="bsb_BodyStepBulleted_inner"><a name="1088476">update the items you selected in </a><span class="l_Link"><a href="#1088455">step&nbsp;2</a></span>, click <span class="w_Widgets">Update </span><span class="w_Widgets">X</span><span class="w_Widgets"> </span><span class="w_Widgets">Items Only</span>.</div>
              </td>
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        <div class="bsb_BodyStepBulleted_outer" style="margin-left: 14.1732283464567pt;">
          <table border="0" cellspacing="0" cellpadding="0" summary="">
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              <td>
                <div class="bsb_BodyStepBulleted_inner" style="width: 9.9212598425197pt; white-space: nowrap;">
                  <span style="color: Gray;">■</span>
                </div>
              </td>
              <td width="100%">
                <div class="bsb_BodyStepBulleted_inner"><a name="1088477">update the price of all items, click </a><span class="w_Widgets">Update All Items</span>.</div>
              </td>
            </tr>
          </table>
        </div>
        <script type="text/javascript" language="JavaScript1.2">WebWorks_WriteDIVClose();</script>
        <div class="href_ReferenceBlockHeading"><a name="1157552">Related Topics</a></div>
        <div class="bbi_BulletedIndented_outer" style="margin-left: 14.1732283464567pt;">
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                <div class="bbi_BulletedIndented_inner" style="width: 9.9212598425197pt; white-space: nowrap;">
                  <span style="color: Gray;">■</span>
                </div>
              </td>
              <td width="100%">
                <div class="bbi_BulletedIndented_inner"><span class="l_Link"><a href="inventory.10.2.htm#1106276" name="1157556">Creating items</a></span></div>
              </td>
            </tr>
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        <div class="bbi_BulletedIndented_outer" style="margin-left: 14.1732283464567pt;">
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              <td>
                <div class="bbi_BulletedIndented_inner" style="width: 9.9212598425197pt; white-space: nowrap;">
                  <span style="color: Gray;">■</span>
                </div>
              </td>
              <td width="100%">
                <div class="bbi_BulletedIndented_inner"><span class="l_Link"><a href="inventory.10.3.htm#1101173" name="1157567">Average Cost, Last Cost and Standard Cost</a></span></div>
              </td>
            </tr>
          </table>
        </div>
      </blockquote>
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