Best Price

Best Price........

Please enter Cost: Click any Column Heading below to see it's definition

Best Price

At Cost

High Sales Dollars

Test any price here

Unit Cost

The Cost field holds the current purchase cost. All margins are calculated using this number.
The +/- buttons increase or decrease the cost value
Notice how Best Price and Gross Margin changes as you click these buttons

Sales History

The history contains the price and unit sales information that is used to model response
Enter as many rows as you can but exclude weeks influenced by exceptional conditions

Price

Units/wk

Gross Margin

This is the Retail Price of the SKU

Sales

Confidence

Using your historical data our mathematical model gives different levels of confidence to our predictions
Note: unit sales is often more dependent on season or page in the circular than price
Keep this in mind when making pricing decisions based upon any model

+/- Buttons

Test Any Price

Experiment with any price you want to consider here
If you delete this value, SKUprice will enter the midpoint of your Sales History prices
You can enter any of the Sales History prices to compare the model's prediction of their sales

Best Price

This is the price that yields the highest gross margin dollars at the current cost
Note: this number is always calculated from predicted movement so it will match the historical data only when confidence is 100%

At Cost

High Sales Dollars

This price yields the highest total sales revenue
Reducing price below this value will increase unit sales but total revenue will drop