What Are MSRP, Margin, and What Are They For

MSRP (Manufacturer's Suggested Retail Price):

• It is the suggested price to sell a product to the end customer.

• It serves as a reference to establish your competitive prices.

  Where do I enter this data so that it reflects in my list? You must enter it in the MSRP field (column J) of your template.

  
  

Margin:

• It represents the profit obtained from the sale of a product.
• Margin calculation: ((Selling price - Cost of the product) / Selling price) x 100%.
• It helps to determine the profitability of your products.