What is Markdown (Price)?
A markdown is a lasting reduction in the selling price of an item, usually to clear slow or old stock, unlike a discount, which is applied to a particular sale.
Updated
Meaning
English
A markdown is a lasting reduction in the selling price of an item, usually to clear slow or old stock, unlike a discount, which is applied to a particular sale.
Roman Urdu
Markdown ka matlab hai kisi item ki Sale price hamesha ke liye kam kar dena, aksar purana ya na bikne wala maal nikalne ke liye.
Also called price reduction, sale price cut.
Example
A garment shop reduces last season's kurtas from 3,000 rupees to 2,200 rupees on the price tag. Every customer pays the new price.
Markdown or discount?
A discount is given at the counter on a specific bill and can depend on the customer. A markdown changes the price itself. Use a markdown for stock that is not moving, but check that the new price still covers cost. See discount and dead stock.
In Nafaa
Nafaa lets you change a product price, and gives Discounts at the counter with permission rules. See discounts at the counter.
Related terms
- Discount
A discount is a reduction from the normal selling price, given as a fixed amount or a percentage on an item or a whole bill.
- Dead Stock
Dead stock is inventory that has not sold for a long time and is unlikely to sell at its normal price.
- MRP (Maximum Retail Price)
MRP is the retail price printed on a product's pack by the manufacturer, which is the most a shop is expected to charge the customer.