Inventory Pricing Multipliers

Every inventory item has four price fields: Price 1, Price 2, Price 3, and Retail Price. Rather than calculating each one by hand on every item, configure multipliers at the store level — when you create a new item, JewelTrak fills in the prices automatically based on cost and the cascade rules.

Where multipliers are set

Settings → Stores → [your store] → Inventory Multipliers.

Each store can have its own multipliers (helpful for different markets or wholesale-vs-retail locations).

How the cascade works

Multipliers are entered as numbers:

• Price 1 multiplier = how much Price 1 marks up from cost. (e.g., 2.0 means 2× cost.)
• Price 2 multiplier = either an absolute markup from cost, or a multiplier from Price 1, depending on how you configure the cascade rule.
• Same for Price 3 and Retail.

The cascade rule decides whether each level multiplies from cost or from the previous level. The two common patterns:

• All from cost: P1 = cost × 2.0, P2 = cost × 2.5, P3 = cost × 3.0, Retail = cost × 4.0.
• Stacked: P1 = cost × 2.0, P2 = P1 × 1.25, P3 = P2 × 1.20, Retail = P3 × 1.33.

Pick whichever matches how you actually price.

How it applies to new items

When you add an inventory item:

1. Enter the cost (your purchase price for the item).
2. The four price fields auto-fill based on the multipliers.
3. You can override any of them — multipliers are a starting point, not a lock.

If cost is updated later, the prices do not auto-recalculate (because you may have already negotiated a sale at the original numbers). Adjust prices manually if you want them to track the new cost.

Bulk re-price

For a one-time sweep across existing inventory (e.g. the gold market moved and you want to re-price everything), use the /pricing page — pick a filter (a vendor, a category, items above a certain age), apply a multiplier, preview the changes, and commit.

Tips

• Set multipliers per-store before adding any inventory at that store, so item creation flows correctly out of the gate.
• The four price levels are wired to customer types: wholesale customers default to Price 1 or 2, retail to Retail. Set the customer’s DefaultPriceLevel on their contact record so order-entry picks the right level automatically.
• The Pricing Realization report compares list price to actual realized price — if multipliers are too aggressive (everything sells at a discount), that report will show it.
• Negative or sub-1.0 multipliers are allowed (for items you sell below cost as loss leaders), but you’ll want to be very intentional about it.