- Posted by:
- Posted on:
Checklist TemplateChecklist Template
The selling price, also known as the manufacturer’s suggested retail price (MSRP), or the suggested retail price (RRP), or suggested retail price (SRP) of a product is the price at which the manufacturer recommends that the retailer sell the product. .
A price list tells your sales agent what to charge for your product or service. You can create multiple price lists so that you can maintain separate pricing structures for the different regions you sell products in or for different sales channels.
In other words, cost-based pricing can be defined as a pricing method in which a certain percentage of the total cost of production is added to the cost of a product to determine its selling price. Cost-based pricing can be of two types, namely, cost-plus pricing and markup pricing