Your organization may determine the price of a product based on its cost plus a markup amount, rather than list price and discount. Several steps are involved in setting this up:
Go to each product that has a price determined by its cost plus a markup and click New in the Costs related list. Here you can enter a different cost amount for each supported currency.
Each product priced in this manner must have the Pricing Method field set to Cost. Additionally, select Pricing Method Editable on the product if a user can change pricing method on an individual quote.
Allow users to enter a markup value on the quote, quote line item, or group. Quote markups can be in the form of a percentage. However, quote line item markups can be in the form of a percentage or absolute value.