I recently redid all of our pricing formulas since the list and trade price went away...almost all of my formulas are based off of cost now.
We used to charge List - 15% for all internal parts.
There were cases with accessories for stock units we would charge cost + 10%.
My owner was checking some of the markups and wants to come up with a formula somewhere in the middle of list - 15% and cost + 10% for internal markup.
He is consulting the 20 group average to help with his decision.
What do you do for internal parts markup?