There are four ways you can discount an item or transaction.
Store Split CalculationThe store split is calculated based on the price the item sells for. Ex: If you sell a $10 item for $8, the split will be calculated from the $8 selling price.
Individual Item Discount
You can discount an item by a specified percentage or amount. Click on the appropriate choice and fill in the amount/percentage that you'd like to take off the item.
You can also discount all items on the transaction by a specific percentage in the Current Transaction box to the right.
In the example above, the "Infinity Knot Diamond Necklace in 18KT Yellow Gold" item has an item discount as well as a transaction discount. When an item is discounted this way, the item discount is applied first and then the transaction discount is applied to the already discounted price.
Item DiscountsThe two discounting methods above will decrease the amount the consignor will get. The split is calculated based on what an item sells for, not the retail price. If you'd like to discount a transaction and not affect the consignor's split, use the method below.
Transaction Discount - Pretax Discount
You can create an item with a negative retail value and add it to the transaction.
Using this method will deduct a specified amount from the transaction but the selling price of the item stays the same.