hi,

i was curious if one could automatically calculate product price based on 
material and labor cost.

To give a better perspective of what i mean, i will brief about our products. 
We basically sell silverware and gold jewelry items. The price of the product 
is based on cost Silver and Gold, plus the labor charges to manufacture it 
which is a percentage of the metal price. Typical pricing method would be Gold 
price + 30%(just for illustration), this if metal costs are $100, the minimum 
sale price has to be $130 . Now bullion prices have been very volatile over the 
past few weeks. From $71 an ounce to $57 approx. This completely changes the 
pricing and cost structure and a store which has thousands of products, it 
would be a tiring task to manually update the prices of all products.

Therefore is it possible to define a material like gold, which price per ounce 
can be updated as frequently as needed. The product will have a feature 
denoting the metal weight, such that it calculates the cost of gold based on 
the metal weigth in the product and adds to it the labor price to fianlly 
arrive at the minimum sales price.

For e.g.

Standard metal rate is $50 per ounce.
Product X has 1/2 ounce of gold.
Thus the minimum product price is $50/2 * 1.30 = $32.5.

I think it is possible to do this in the standard ofbiz download, i.e. without 
modifying the code, but have not been able to figure out how to do it.

Any suggestions or comments will be appreciated.

Thank you.

rohit

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