How to Change the Retail Selling Price of a Variant

Learn how to easily update the net and gross Retail Selling Price (RSP) of a product variant in your inventory management system.

August 5, 2026 By Ben Fotheringham

This guide explains how to update the Retail Selling Price (RSP) of a product variant. Completing this ensures your sales system reflects the most accurate and up-to-date pricing for both net and gross amounts.

This applies to inventory managers and sales administrators who need to adjust product pricing during catalog updates or routine price changes.

Navigate to the stock menu to view your product variants.

Step #1: Click Stock in the left-hand navigation pane to open the variant list. — Click **Stock** in the left-hand navigation pane to open the variant list.

Search for the specific variant you need to update.

Step #3: Double-click the desired variant to open its settings. — Double-click the desired variant to open its settings.

Step #4: Click the Sales tab to view pricing and tax information. — Click the **Sales** tab to view pricing and tax information.

Step #5: Double-click the pricing row for your selected currency to open the Variant Sales Info window. — Double-click the pricing row for your selected currency to open the Variant Sales Info window.

Your column layout might vary slightly, but the Retail Selling Price (RSP) will be displayed in the sales summary.

You can update either the net (ex-VAT) or gross (inc-VAT) price. The system will automatically calculate the other value based on your settings.

Step #6: Select From net from the calculation settings if you want to enter the ex-VAT price directly. — Select **From net** from the calculation settings if you want to enter the ex-VAT price directly.

Step #7: Click into the net (ex VAT) price field. — Click into the net (ex VAT) price field.

Enter the new net price.

The gross price (inc tax) at the bottom of the window will automatically update to reflect your new net price.

Step #9: Click the Save icon within the Variant Sales Info window to apply the new pricing. — Click the **Save** icon within the Variant Sales Info window to apply the new pricing.

Verify the updated price in the summary on the main variant page.

Step #10: Click the Save button on the main variant page to finalize your changes. — Click the **Save** button on the main variant page to finalize your changes.

Q: Do I need to manually calculate the price with VAT?

A: No, the system will automatically calculate the gross (inc-VAT) price if you enter the net price and set the calculation method to "From net".

Term	Definition
RSP	Retail Selling Price, which is the final price a product is sold for.
Variant	A specific version of a product in inventory, often varying by attributes like size or color.
Ex-VAT (Net Price)	The selling price of a product before Value Added Tax is applied.
Inc-VAT (Gross Price)	The final selling price of a product including Value Added Tax.

Term

Definition

RSP

Retail Selling Price, which is the final price a product is sold for.

Variant

A specific version of a product in inventory, often varying by attributes like size or color.

Ex-VAT (Net Price)

The selling price of a product before Value Added Tax is applied.

Inc-VAT (Gross Price)

The final selling price of a product including Value Added Tax.