Profit

Profit is different from "selling price".
Profit formula can be defined in settings.

or profit formula can be defined for each item and it will overwrite the general profit formula

Profit formula's are used to estimate the profit between "compare item" and supplier's item.
For example, if you'll have your ebay lot in "compare item", ebay and paypal fees add up to 13%, then you can estimate the profit by the following formula:
(compare_price+compare_shipping)*(1-0.13) - (vendor_price+vendor_shipping)

One can also make much more complicated functions.
You can take your selling price function generated by the wizard (see tutorial on "Adding single item for repricing") to calculate profit,
for that you will need to go the selling price wizard and enter "0" in all of margin fields (since margin is usually the actual profit):

Do not save these settings, rather switch back to formula view by clicking "Switch to formula view" and copy the actual formula:
((vendor_price)*(5/100+1)+(((vendor_price)*(5/100+1)*0/100+0)+0+abs(((vendor_price)*(5/100+1)*0/100+0)-0))/2+0.3)/((100-10-2.9)/100)

now subtract this formula from your lot's price and you'll get an actual profit:
(compare_price+compare_shipping) - ((vendor_price)*(5/100+1)+(((vendor_price)*(5/100+1)*0/100+0)+0+abs(((vendor_price)*(5/100+1)*0/100+0)-0))/2+0.3)/((100-10-2.9)/100)

You can plug it into the profit formula section or in any specific item.


"Compare item"

Adding compare item is pretty straightforward.
Go to "Add single item" or "Edit" of a single item, scroll down to "Compare item link"

In "compare item link" enter your competitor's link or your lot/item link.
For amazon make sure to include an actual merchant id in the link if you want Sku Grid to read your selling price, e.g.:
http://www.amazon.com/Coleman-8-Person-Red-Canyon-Tent/dp/B000W7BHJY/ref=sr_1_1?m=A1T3PX2RA6DPOD
For amazon links, do not enter any variation names.

For other links, especially your competitor's items, you can enter "variation name" if needed, see tutorial on "Adding single item" for more information.

If you want to override default profit formula for this specific item, you can enter it in "Estimated profit formula", make sure to click "Override default profit formula" before doing that.

You can just enter a specific fee % by clicking "Enter Fee % Instead", it will generate such formula (i.e.if you entered 13 as percent):
(compare_price+compare_shipping)*0.87-(vendor_price+vendor_shipping)

If you have entered "compare item's link", Sku Grid will be checking that item with the same interval as your supplier's items and will update price/shipping accordingly, however you can also hard code price/shipping, just click "Switch to manual entry" and enter "Compare to price" and "Compare to shipping" in corresponding fields.


That's about it, profit will be shown in "Estimated profit" column and everything else in their respective columns.

Make sure to check out other tutorials.