Adding a mark up to an enquiry is a pricing strategy used to calculate the final selling price for each chargeable item in the enquiry that involves adding a certain percentage or amount on top of the cost of each of those items. This guide will show you how to add a mark up to the charges table.

TABLE OF CONTENTS

• How to add a Mark Up?
• The Mark Up in the reports

How to add a Mark Up?

The user can add the mark up either in the Enquiries module (Venues tab), after the venues respond to the enquiry, or in the Event Bookings module (Options tab). 

The amount marked up will be entered in the Sell (inc) column, which is the last column on the charges table.

Note: The total amount added to the mark up column should never be higher than the Published amount. If needed, the user can amend the Published amount as well.

On the venue’s version of the documents, they will only see the Negotiated rates.

On the client’s document, they will see the Published and the Negotiated Rates with the mark up already added to them.

The Mark Up in the reports

In the Operated Report, once the user locates the booking to which they added a mark up, they will see in the Saving column the total amount marked up.

Using the booking above as an example, this is what the user should see. 

Residential Delegates rate: 220 – 200 = 20 x 5 = £100.00

Day Delegates rate: 95 – 85 = 10 x 10 = £100.00

Main Meeting Room: 750 – 600 = £150.00

Total: £350.00

In the Status Report, the user will see the enquiry’s total amount to be paid to the venue, the mark up value (Ex Tax), as well as the commission and the total revenue, which consists in the result of adding the commission value to the mark up total amount.