How to Markup Magento 2 Product Cost Price by Percentage?

How to Markup Magento 2 Product Cost Price by Percentage?
Updating & adjusting products price from time to time in an online store is not an easy job. ECommerce store owners must update product prices on regular basis due to certain variables such as cost changes, currency changes, etc. Increasing product prices of entire catalog from the Magento interface can be quite difficult as it requires a lot of hard work to update product cost one by one. If you want to update product cost of a specific product or entire catalog, a fast and easy way is to use a price markup extension like Percentage Pricing extension by FMEextensions, which allows you to markup product’s existing cost price by a percentage or a fixed amount. With Percentage Pricing extension, you can create a simple percentage price markup rule and apply to selected products or entire catalog. Once you’ve downloaded & installed this Magento 2 extension, open the store backend and follow these steps:

Creating a Percentage Cost Price Markup Rule:

  • Open Store Admin Panel, Click FMEextensions from sidebar
  • Click Manage Rules > Add New Rule
  • Set Rule Name & Description
  • Select Customer Groups & Store Views (as per your requirement)
magento-2-percentage-markup-increase-priceNow set Percentage Cost Price Markup Duration (start & end date) & Set Rule Priority magento-2-percentage-price-markup Now Click Conditions Tab,
  • To apply Percentage Markup Rule to Products, you can select Product Attributes like SKU, Category, etc.
magento-2-percentage-price-markup-products-catalog Now navigate to Actions Tab,
  • Select Apply as Percentage of Original (original means existing cost price)
  • In Action Dropdown, select Add and Enter Percent Amount, 10, 5 etc. If you want to increase cost price by 10% then enter 10.
  • Save the Percentage Markup Rule.
magento-2-percentage-cost-price-markup Note: The percentage markup will be applied on product cost. So, you need to set the product cost at the products backend.

Add/Update Product Cost in Magento 2

To Add/Update Product Cost, follow these steps.
  • Click Catalog > Products
  • Open a Product in Edit Mode
  • Click Advanced Pricing
setup-product-cost-in-magento-2 Once the following Popup window opens, Enter the Product Cost and Click Save. how-to-setup-product-cost-in-magento-2 View Extension Demos:  Frontend Demo     Backend Demo     Buy Extension If you need any help feel free to contact our support team.