We built Gold Calculator feature for the goldsmith and jewelers who need flexibility in the way they price their products. Having met jewelers for a number of years now, they share a similar requirement. Almost every jeweler that we have met has a different formula they are using to price their products. And so the case for Gold Calculator feature, which is included in Version 2 of Enterprise Jewelry Software.
The main benefit comes from giving the jeweler the extra edge to customize his unique price formula. Right pricing leads to a profitable business. This pricing formula is then applied to all the products he sells through EJS POS or Invoice modules.
How To Use ?

Let’s take the example of the following gold pricing formula,
( [ { ( FINE_GOLD_BASE x MANUFACT_LOSS } x MARK_UP ] + LABOUR_PRICE ) x UNIT_WEIGHT
You can very easily create a formula like that using the Gold Calculator by clicking on a couple of buttons. The left column buttons are common variables that a jeweler deals with on a daily basis. These variables are:
- Manufacturing loss
- Markup rate
- Labour Price
- Fine Gold Base
- Unit Weight
- Total Weight
- Discount %
The right column are the operators - plus (+), minus (-), divide (/), multiply (x), group ( ‘(’ and ‘)’ ). Use the bracket symbols to group the smaller components of the formula.
Coming back to our example, ( (FINE_GOLD_BASE x MANUFACT_LOSS) x MARK_UP ). Two sets of open / close brackets are used to group operations on individual formula units. The formula unit, FINE_GOLD_BASE x MANUFACT_LOSS is performed first, and its result is then multiplied to the value of MARK_UP.
This is one of the latest addition to EJS, do you think this is useful ?
Keep track of the latest on EJS? Subscribe to our blog, its free anyway.
Share This