SingleOps provides users with an easier way to markup items and services when creating proposals.

**In this article:**

**Using Cost Plus or Percentage Markup in SingleOps**

**Modifying Markup on a Job-by-Job Basis**

**Terms & Descriptions**

**Cost**: is what you, as a business, pay for a product or service.*E.g., You paid $10 to purchase mulch from your wholesaler - the $10 is your cost***Markup****:**the amount by which the cost is increased on a product or service to arrive at the price*E.g., If you paid $10 to purchase mulch from your wholesaler and you want to charge your customer $15; the markup would be $5***Price****:**is the amount your customer is willing to pay for a product or service.*E.g., You charge $15 to your customer for the mulch*

**Cost Plus or a Percentage**** Markup**

**Examples:**

**Cost Plus** method was the example used above in the Markup definition.

You paid $10 to purchase mulch - that was your cost. You want to add a $5 markup to that mulch to cover your overhead. That is Cost *plus* Markup which brings you to your price.

**Percentage** markup would be: paying $10 to purchase mulch and wanting to maintain a 50% markup. The SingleOps system multiplies your cost ($10) by the percent markup (50%) which would bring your price to $15.

**Using Cost Plus or Percentage Markup in SingleOps**

When creating a proposal or an active job, you can select which markup method you prefer by scrolling down to the * Additional Options* section. By choosing either:

*or*

**Cost Plus****, the items table above will automatically refresh to reflect your selected markup method.**

*Percentage***IMPORTANT**: Once you’ve selected *Percentage *as your markup method, the number in the margin column represents the percentage of the total unit price which is made up of the margin.

**Example**

Below, the *total unit price* for the line item 'Take Down and Remove' is $170.00.

The actual *cost* of the item is $50.00 - which is 29.41**%** of the total price.

The *margin* is then $120.00 - which is 70.59% of the total price.

**Another way to think about this is:**

Total Cost = Unit Cost / (1 - Margin Percentage)

Unit Cost = $10

Margin Percentage = 50% (or 0.50)

So using the formula:

Total Cost = $10 / (1 - 0.50)

= $10 / 0.50

= $20

Be sure and enter in the margin dialog the percentage of the total unit price you wish to realize as margin (profit).

**Modifying Markup on a Job-by-Job Basis**

You can modify this markup option on a job-by-job basis but if you find yourself constantly doing this, you can set percentage to be the default method of calculation by modifying an account setting.

**Navigation & Set-Up**

1. Navigate to: * Admin *>

*>*

**Account Settings**

**Company**2. Check the box next to **Use Percentage Pricing**

3. Click the ** Update Account** button at the bottom to preserve your change

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