New Definitions for Multiplicative and Additive Trade Differential

Additive vs Multiplicative Differential Percentage For Trade

• Differential Percentage For Trade Items: This will provide a bonus in store credit to the consignor when selecting to receive payment in the form of store credit over cash.
• Additive: With this option enabled, if you set the differential to 10%, then the trade value would be the price of the item multiplied by the trade differential percentage added to the cash value.
  Additive Example: You have an item that is priced at $50.00. Your split is 50/50, meaning the cash value of this item when processed would be $25.00 to the client. The trade differential set to 10%, that would make the store credit trade offer $30.00.
  Formula For Additive Trade Example:
  Price * Split percentage = Cash Value
  Price * Trade Differential = Additional Trade Value
  Cash Value + Additional Trade Value = Total Trade Value
  $50 * 50% = $25.00
  $50 * 10% = $5.00
  $25 + $5 = $30.00

1. Price + Split Percentage = Cash Value
   50 * .50 = $25.00
2. Price * Differential Percentage = Additional Trade Value
   50 * .10 = $5.00
3. Cash Value + Additional Trade Value = Trade Value
   25 + 5 = $30.00
   
   • Multiplicative: With this option enabled, if you set the differential to 10%, then the trade value would be 110% the cash value.
     Multiplicative Example: You have an item that is priced at $50.00. Your split is 50/50, meaning the cash value of this item when processed would be $25.00 to the client. With the trade differential set to 10%, that would make the store credit trade offer $27.50.
     Formula For Multiplicative Example:
     Price * Split Percentage = Cash Value
     Cash Value * Differential Percentage = Additional Trade Value
     Additional Trade Value + Net to consignor = Total Trade value
     $50 * 50% = $25
     $25 * 10% = $2.50
     $2.50+ $25.00 = $27.50
4. Price * Split Percentage = Cash Value
   50 * .50 = $25.00
5. Cash Value * Differential Percentage = Additional Trade Value
   25 * .10 = $2.50
6. Additional Trade Value + Cash Value = Total Trade Value
7. 50 + 25 = $27.50
   

Note: If an item has a Cost/Net amount set, this will override the calculation of the cash value and the new cash value of the item will be set to the amount specified under the Cost/Net field.

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Widgets

New Definitions for Multiplicative and Additive Trade Differential Default Buy/Trade Processing To "Buy" Set a Default Consignment Price Code for Buy/Trade Process Ability to Multi-Select and consign unprocessed trade items Transfer Unprocessed Trade Items Use The Category From The Previous Item Added Copy Images When Creating New Retail Variants Use "Cost/Preset Net" as Minimum Consignor Split Amount Prompt For Large Printed Tag Quantity Ability to Add Grid Widgets for Sale Performance Stats Ability to Reconcile Zero Account Balances