Setting the cost price of the product

Often, you will wish to assign a cost to the product. This will be the cost that will appear on your purchase quotations, though it can be overwritten at any time to reflect a vendor's new pricing. If your vendor happens to give you a one-time discount, you will want to reflect that change on the actual purchase order, rather than here in the base product record. For our example, we have set the cost price of the shirt to 7.25.

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