{"id":33615,"date":"2025-11-24T12:41:19","date_gmt":"2025-11-24T12:41:19","guid":{"rendered":"https:\/\/tenthplanet.in\/odoo\/?p=33615"},"modified":"2026-07-07T06:12:24","modified_gmt":"2026-07-07T06:12:24","slug":"how-mark-down-and-mark-up-are-calculated-in-an-odoo-gr-bill","status":"publish","type":"post","link":"https:\/\/tenthplanet.in\/odoo\/product\/purchase\/how-mark-down-and-mark-up-are-calculated-in-an-odoo-gr-bill\/","title":{"rendered":"How Mark Down % and Mark Up % are Calculated in an Odoo GR Bill"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">When using Odoo, the <strong>GR Bill<\/strong> plays a central role in linking procurement, inventory and accounting. Understanding how <strong>Markdown %<\/strong> and <strong>Markup %<\/strong> are calculated within a GR Bill is crucial for businesses to monitor profit margins effectively.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Generating the GR Bill in Odoo<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>GR Bill<\/strong> is generated after a Purchase Order (PO) is approved and the products are received. The process begins with creating a Purchase Order and receiving the products, while ensuring that all mandatory details, including the <strong>Inward Register Number (IRN)<\/strong>, are entered.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Once the <strong>Goods Receipt (GR)<\/strong> is completed, Odoo allows the creation of the GR Bill, linking the received products to the GR Bill.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"498\" src=\"https:\/\/tenthplanet.in\/odoo\/wp-content\/uploads\/sites\/8\/2025\/11\/TenthPlanet-Odoo-Purchase-GR-Bill-Creation-1024x498.png\" alt=\"Odoo Purchase GR Bill Creation\" class=\"wp-image-33616\" title=\"\" srcset=\"https:\/\/tenthplanet.in\/odoo\/wp-content\/uploads\/sites\/8\/2025\/11\/TenthPlanet-Odoo-Purchase-GR-Bill-Creation-1024x498.png 1024w, https:\/\/tenthplanet.in\/odoo\/wp-content\/uploads\/sites\/8\/2025\/11\/TenthPlanet-Odoo-Purchase-GR-Bill-Creation-300x146.png 300w, https:\/\/tenthplanet.in\/odoo\/wp-content\/uploads\/sites\/8\/2025\/11\/TenthPlanet-Odoo-Purchase-GR-Bill-Creation-768x374.png 768w, https:\/\/tenthplanet.in\/odoo\/wp-content\/uploads\/sites\/8\/2025\/11\/TenthPlanet-Odoo-Purchase-GR-Bill-Creation-1536x748.png 1536w, https:\/\/tenthplanet.in\/odoo\/wp-content\/uploads\/sites\/8\/2025\/11\/TenthPlanet-Odoo-Purchase-GR-Bill-Creation.png 1843w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Mark Up and Mark Down Calculation in GR Bill<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The system automatically calculates and displays the markdown and markup values for each product and displayed in the corresponding fields.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For example, Product: 20105016 has MRP: 210 , MRP (Taxable) : 177.96, Final Gross Cost: 160<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Markdown represents the percentage reduction from the MRP and is calculated using the formula:<\/p>\n\n\n\n<pre class=\"wp-block-code\"><code>Markdown = ((MRP (Taxable) \u2013 Final Gross Cost) \/ MRP (Taxable)) \u00d7 100\nMarkDown = ((177.96 \u2013 160) \/ 177.96 ) * 100\nMarkDown = 10.09<\/code><\/pre>\n\n\n\n<p class=\"wp-block-paragraph\">Markup, on the other hand, measures the profit margin relative to the FGC and is calculated as:<\/p>\n\n\n\n<pre class=\"wp-block-code\"><code>Markup = ((MRP (Taxable) \u2013 Final Gross Cost) \/ Final Gross Cost) \u00d7 100\nMarkUp = ((177.96 \u2013 160) \/ 160 ) * 100\nMarkUp  = 11.23<\/code><\/pre>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"454\" src=\"https:\/\/tenthplanet.in\/odoo\/wp-content\/uploads\/sites\/8\/2025\/11\/TenthPlanet-Odoo-Purchase-GR-Bill-Completed-1024x454.png\" alt=\"Odoo Purchase GR Bill Completed\" class=\"wp-image-33617\" title=\"\" srcset=\"https:\/\/tenthplanet.in\/odoo\/wp-content\/uploads\/sites\/8\/2025\/11\/TenthPlanet-Odoo-Purchase-GR-Bill-Completed-1024x454.png 1024w, https:\/\/tenthplanet.in\/odoo\/wp-content\/uploads\/sites\/8\/2025\/11\/TenthPlanet-Odoo-Purchase-GR-Bill-Completed-300x133.png 300w, https:\/\/tenthplanet.in\/odoo\/wp-content\/uploads\/sites\/8\/2025\/11\/TenthPlanet-Odoo-Purchase-GR-Bill-Completed-768x340.png 768w, https:\/\/tenthplanet.in\/odoo\/wp-content\/uploads\/sites\/8\/2025\/11\/TenthPlanet-Odoo-Purchase-GR-Bill-Completed-1536x681.png 1536w, https:\/\/tenthplanet.in\/odoo\/wp-content\/uploads\/sites\/8\/2025\/11\/TenthPlanet-Odoo-Purchase-GR-Bill-Completed.png 1843w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Once all the necessary details are entered\u2014such as the <strong>bill amount<\/strong>, <strong>taxable value<\/strong>, and <strong>tax amount and <\/strong>simply confirm the <strong>GR Bill<\/strong> to complete the process.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When using Odoo, the GR Bill plays a central role in linking procurement, inventory and accounting. Understanding how Markdown % [&hellip;]<\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[383],"tags":[448,459],"class_list":["post-33615","post","type-post","status-publish","format-standard","hentry","category-purchase","tag-costing-calculation","tag-purchase"],"acf":[],"_links":{"self":[{"href":"https:\/\/tenthplanet.in\/odoo\/wp-json\/wp\/v2\/posts\/33615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tenthplanet.in\/odoo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tenthplanet.in\/odoo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tenthplanet.in\/odoo\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/tenthplanet.in\/odoo\/wp-json\/wp\/v2\/comments?post=33615"}],"version-history":[{"count":1,"href":"https:\/\/tenthplanet.in\/odoo\/wp-json\/wp\/v2\/posts\/33615\/revisions"}],"predecessor-version":[{"id":37022,"href":"https:\/\/tenthplanet.in\/odoo\/wp-json\/wp\/v2\/posts\/33615\/revisions\/37022"}],"wp:attachment":[{"href":"https:\/\/tenthplanet.in\/odoo\/wp-json\/wp\/v2\/media?parent=33615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tenthplanet.in\/odoo\/wp-json\/wp\/v2\/categories?post=33615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tenthplanet.in\/odoo\/wp-json\/wp\/v2\/tags?post=33615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}