Overwrite supplier markup

The Overwrite supplier markup setting lets you set a default agency markup by overriding the standard Supplier markup in the Default commission setup section of your agency record.

The Agent markup percentage applied will determine the Agent price and Agent margin values on the Pricing tab. This commission type calculates the Agent price by ignoring the standard supplier markup, and will apply the agency markup percentage amount instead to each line item in your itinerary. The total price that will be payable to you by your agent will be listed in the Agent price column. The Gross price is still displays and is calculated based on your Supplier markup which allows you to compare the charges to your agent to your usual gross charges. 

It is expected the Gross price (usual retail price) will be higher than the Agent price (known as Agent net).

Other than the net, supplier markup and gross price explained previously, the following factors typically apply to the overwrite supplier markup calculation:

• Agent markup: The markup percentage applied to each items Net value to calculate the Agent price for each Item. You can edit each line item to overwrite the default agent markup %.
• Agent price: The agent price is the sum of  (Net + Agent Markup)

• • Example: In the example below, the agent markup of 10% overrides the supplier markup of 20% and carries across in the Agent markup column. For the first pricing row, the agent price calculates as:

• • • $100 (net) + $10 (10% of $100) = $110.00

Below is how the above calculation will be reflected in the Pricing tab in Tourwriter