QB Issue Resolution:

As of the moment, we can only enter the cost of the item and the sales price when setting up an inventory item.

In the meantime, what you have practiced is the best option to set this up.

I suggest sending the same message to our developer team by feedback. This way, they’ll know of the things need to be added and improve the product preference which will help you and other users about the inventory set up. Simply go to the Gear icon then select Feedback.

Resolution for Issue 'Is there a way to set a markup percentage on items you sell? Currently I have a separate excel file where I have to plug in the cost price of each item and then I have a formula that tells me what the sales price is if I want to sell it at a 40% markup before tax.' available: Yes (Solved).
Source: Intuit Community forum.

Is there a way to set a markup percentage on items you sell? Currently I have a separate excel file where I have to plug in the cost price of each item and then I have a formula that tells me what the sales price is if I want to sell it at a 40% markup before tax.: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

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