How to set Selling Price for Restaurants?
A bakery may contain many products and even services. Setting the pricing may be a task and it may consume a lot of time as the prices of raw materials may vary from place to place, time to time, thus pricing your products can be very challenging. Rise POS provides you with a feature for pricing all your products according to the Unit cost, it calculates the Unit price and sets the Selling price.
Unit cost refers to the cost of producing or acquiring a single unit of a product or service. This cost may include direct costs, such as the cost of materials and labor, as well as indirect costs, such as overhead expenses. Unit cost is used to determine the total cost of producing a certain quantity of a product and is also used to calculate profit margins.
Unit price, also known as the “cost per unit,” is the price at which a single unit of a product or service is sold. This can be calculated by dividing the total cost of the product by the number of units produced or sold. Unit price is used to compare the relative cost of different products or services and to determine the most cost-effective options for customers.
Selling price, also known as the “retail price,” is the price at which a product or service is sold to the customer. This price includes both the unit price and any additional costs, such as taxes, shipping, or handling fees. The selling price is used to determine the profitability of a product or service and to set prices for customers.
In summary, Unit cost refers to the cost of producing a single unit of a product or service, Unit price is the price at which a single unit of a product or service is sold, and Selling price is the final price at which a product or service is sold to the customer which includes unit price and additional costs.
Please follow the steps for item selling prices from Back office
- Login To Back Office > go to ‘Product’ > click on ‘Bulk upload’. Select shop in the drop-down option of ‘Select Store’ > click on Update’
- After Update. click on ‘Download Item Selling Price’ > open excel File ’ > changes for excel file as per Requirement and Save the file.
- After Click Update ( Before Uploading the file we should select ‘Upload Type’ as ‘UPDATE_ITEM_SELLING_PRICE’
- Click On Update > click upload type as UPDATE_ITEM_SELLING_PRICE’ > upload file > save product list.