> Wholesale and Retail / Set up your merchandise details / Adding product details to a sub-class / The prices tab

The Prices tab

To enter the price details for a new stock item

Note: If you use Landed Costs, select the Use Landed Costs check box to view these costs in the Retail prices area of the tab.

Open: Retail > Merchandise > Merchandise Hierarchy.

Select the sub-class that you want to add the new stock item to and click Add.
Select Prices.
Enter the price details for this stock item:
- The Update all prices bands check box allows you to update the prices for the selected price band. If you are using a number of price bands, select the price band that you want to update from the drop-down list.
- Select the method of price calculation from the drop-down list. It is possible to change prices by a percentage amount or by a fixed value. If you select to change the Calculation method, you must enter the amount you need to change it by, in the Value field.
- If you use number rounding in Sage 200, click the Rounding tab and select the type of rounding that your company uses from the Rounding direction drop-down list.
  Select either to round your prices up, down or to the value that is nearest value selected in the Decimal Places drop-down list.
- Use the final options to specify how many decimal places the values should be rounded to. If you use multiple values, use the Multiples of and Plus adjustment fields to set these up. These options become available if you select the Nearest rounding option.
  Instead of rounding prices by the number of decimal places, you can select the Multiples of option to round your prices to psychologically important points, such as £9.99 instead of £10.00. For example, you may specify the rounding amount so that each price ends in 99 pence, so that £13.4567 rounded down to multiples of 0.50, plus an adjustment -0.01 = £12.99.
Click Generate to update the prices for this stock item.