How to configure mark up for products?

Markup is the amount added to the cost price of goods to cover overheads and profit. It can be a set amount (ie $20) or percentage (ie 200%). To monetise your marketplace you can choose for mark up to be automatically added to all products uploaded by vendors so you don't have to manually reprice every product in your marketplace.
To set mark up navigate to Setup from your Dashboard,

and choose Mark Up settings.  

In Mark Up settings you can set your mark up to be a set amount or %. 

It's possible for you to have different markup settings per vendor, per product category, or a combination of both. To set different mark up use Advanced Settings. 

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