How to review product cost, selling price and margin
Keep purchase costs and selling prices current so you know which products need review after a supplier increase.
Your business, a little simpler.Sales, inventory and decisions in one place.A selling price alone does not show what remains after buying the product. When a supplier changes a price list but your saved cost stays old, margin reports become less useful for deciding what to restock or review.
Stockcito stores a cost and selling price in each product record, shows the available margin and supports bulk price changes by category or percentage. This guide helps organize the process; it does not decide what your business should charge or replace tax or accounting advice.
Where should I start?
A supplier sent a new price list
Update the costs for affected products and identify which selling prices need a decision before your next shift.
Your existing catalog needs cleanup
Start with one category and check that the saved cost, price and product name match what you stock.
How to do it in Stockcito
Follow these steps in order. Each one has a link you can share with your team.
- 1
Record the purchase cost
Enter the cost you use for product review and update it when a new delivery arrives at a different price.
- 2
Check the customer-facing price
Review frequently sold products and correct outdated prices before changing a whole group.
- 3
Use categories to scope changes
Group products that share a supplier or pricing decision. Avoid mixing items with very different cost changes.
- 4
Review the available margin
Compare saved cost and selling price in the product record or reports. Use the result to find products that need a closer look.
- 5
Separate items whose costs are unconfirmed
Set aside products with missing or uncertain purchase costs so they do not distort a bulk pricing review.
- 6
Apply a change to a controlled group
If appropriate, use the bulk update by category or percentage. Review the selected items and proposed adjustment before confirming.
- 7
Verify several products afterward
Check updated prices in a sample of product records and at the POS before moving to another category.
Common mistakes
Changing prices without updating costs
Old costs make the margin view inaccurate. Update purchase cost when you receive goods at a new price.
Applying one percentage to the entire catalog
Supplier and category changes can differ. Limit the update to the products that share the same decision.
Changing many products without sampling
Try a small, controlled group and review the result before expanding the update.
Treating product margin as net profit
A product comparison does not include every operating expense, tax or payment fee unless you account for them separately.
Common questions
Does margin change when I update cost?
Can I increase prices by a percentage?
Should I raise the price every time a supplier increases cost?
Does this replace accounting or tax advice?
Is product margin the same as net profit?
Related guides
A guide to retail restocking and wholesale orders
Keep supplier details and costs current, then use quantities and sales to plan replenishment.
Inventory guide for convenience stores and small grocers
Start with a real stock count, record counter sales and review low-stock alerts.
Looking for a POS for your type of store?
Point of sale and inventory for neighborhood kiosks
Record counter sales, look up packaged products quickly and keep an eye on stock across a busy day.
Try Stockcito with your business
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