Changing the cost price of product, what are the consequences for Shopify profit calculations?

Shopify Discussion
1

I sell 10 products in my shop at $10 with a cost price (that I filled in the admin product page) of $4: profit calculated by Shopify is then $60.

Now I change the cost price to $5 and sell another 10 items at $10, the profit on these sales total $50

Is the total profit calculated by Shopify equal to $110 (which is correct), or does Shopify only calculate total profit with the latest cost price for the items sold and thus coming up with $100?

Cheers, Eelco

2

Hi @Eelco99 - you can get fully reliable profit calculations by using the BeProfit Profit Tracker app.

BeProfit gives you an array of powerful analysis tools that let you:

  • Accurately track your profit history over time
  • Get intuitive visuals and graphs
  • Create and export custom reports
  • Freely edit your store’s data
  • Understand complex business metrics
  • Connect metrics once with smart integrations
  • Spot what factors need improvement to increase profits
  • Make data-driven decisions to optimize your store

Try BeProfit and let us know if you find it helpful. Plus, if you have any suggestions on how we can improve the app, we’re always happy to get feedback!

3

Hello @Eelco99 ,

We are OneCommerce - an eCommerce Solution Platform.

In your example, the first 10 products sold at a cost price of $4 would have a total revenue of $100 and a total cost of $40, resulting in a profit of $60. The next 10 products sold at a cost price of $5 would have a total revenue of $100 and a total cost of $50, resulting in a profit of $50. When you add these two profit values together, you get a total profit of $110.

We have an app called TrueProfit, it can help you calculate every cost and track your profit in real-time. You can find more about us here .

Hope this can help.

Regards,

OneCommerce team.