Skip to main content

Chameli (Jasminum officinale): Exploring the Medicinal and Traditional Uses of an Enchanting Flower

Introduction: Chameli, scientifically known as Jasminum officinale, is a captivating and fragrant flowering plant that has enchanted people for centuries. Known by various names across different cultures, Chameli holds significant historical and contemporary importance. In this article, we will delve into the world of Chameli, exploring its remarkable characteristics, diverse uses, and cultivation techniques. Whether you are an avid gardener, a fragrance enthusiast, or simply curious about the wonders of nature, join us on this journey to discover the allure of Chameli and unravel its secrets. Description and Characteristics: Chameli, or Jasminum officinale, is a visually striking flowering plant with a graceful and elegant presence. It typically grows as a deciduous or semi-evergreen vine, though it can also be cultivated as a shrub. The size of Chameli varies depending on its growing conditions, but it can reach heights of 10 to 15 feet (3 to 4.5 meters) or even more in optimal
Post a Comment

How to calculate Price to Retailer (PTR) and Price to Stockist (PTS) for an Ayurvedic Medicine Company’s Products?


If you own an ayurvedic marketing company or ayurvedic manufacturing company then fixing and calculating maximum retail price (mrp) for your products is a crucial step. Calculation about fixing MRP, we have calculated in our article: How to calculate Maximum Retail Price (MRP) including PTR/PTS of an Ayurvedic Medicine Company’s Products? In This article, we will calculate PTS, PTR, MRP calculation. 

Important Definitions related to MRP, PTR and PTS:

Definition of Maximum Retail Price:

Maximum retail price (MRP) is a maximum price of any product/service that can be paid by end consumer for purchasing or using it. It is included of all taxes.

Definition of Price to Retailer (PTR): 

It is the price at which at goods or services are billed to retail shop or store by wholesaler or stockist. 

Definition of Price to Stockist (PTS):

It is the price at which goods or services are billed to stockist/wholesale/distributor* by company or its CnF. 

Methods of Calculating PTR and PTS:

Here we will discuss about how you can calculate PTR and PTS from a given maximum retail price. 
In process of calculating maximum retail price, we also find PTS and PTR. But in this article we will calculate from given or already fixed MRP. We calculate PTS and PTR including GST and excluding GST. 
If you are calculating PTS and PTR including GST then you will not need to deduct GST from MRP. If you are calculating PTS and PTR excluding GST then deduct GST from MRP. 

You can calculate PTR and PTS with two methods.
1. By Based upon GST Factor
2. By Simple Calculation Method

Suppose we have a product having maximum retail price of 95/- 
Retailer Margin 20% 
Stockist Margin 10% 
GST 12% 

Based upon GST Factor:

First you need to deduct retailer margin from MRP. This will give a net value that in other words we can say PTR including GST like below: 

Formula used will be MRP*(1-Retailer Margin %) 
Net value = 95*(1-20%) = 76/- 

Price to Retailer (PTR) Calculation

Now calculate Price to retailer. Price to retailer (PTR) will be calculated by deducting GST value from above net. For that you need to first calculate GST factor value. Formula for GST factor calculation is finding below: 

GST Factor = (100+GST)/100 
GST Factor value = (100+12)/100 = 112/100 = 1.12 
PTR calculation formula = Net Value / GST Factor = 76/1.12 = 67.86/- 

Price to Stockist (PTS) Calculation:


Price to stockist will be calculated by deducting stockist margin percentage from retailer price. Formula for calculating price to stockist (PTS) is like: 
PTS calculation formula: PTR*(1 – Stockist Margin %) = 67.86*(1-10%) = 61.07/- 

Based upon Simple Calculation

Formula for calculating any price formula is Amount*100(100+margin). 
First we will calculate price to retailer then price to stockist. 

Price to Retailer:

For calculating price to retailer, ptr calculation formula will be MRP*100/ (100+retailer margin) 
PTR = 95*100/ (100+20) = 95*(100/120) = 95/1.2 
PTR = 76.16/- 
This PTR is included of GST. Now calculate PTR without GST by implementing similar formula. Replace margin with GST in formula. 
PTR (W/O GST) = 76.16*100/ (100+12) = 76.16/1.12= 68/- 

Price to Stockist:

For calculating price to stockist, pts calculation formula will be PTR*100/ (100+ Stockist Margin) 
PTS = 76.16*100/ (100+10) = 76.16/1.1 
PTS = 69.24/- 
This PTS is included of GST. Now calculate PTS without GST by implementing similar formula. 
PTS (W/O GST) = 69.24*100/ (100+12) = 69.24/1.12 = 61.82/- 

In similar way, you can calculate CnF price and other prices like super stockist, sub stockist, wholesale, distributor etc. 

PTS PTR Calculator in excel

Read Related:


Keywords: pts and ptr full form, how to calculate net rate in medicine, how to calculate price to stockist of pharma, maximum retail price calculation excel, distributor margin formula, how to calculate pts, how to calculate mrp in gst, ptr pts calculation, pts ptr mrp calculation, ptr rate full form, 



Labels:

Comments

Post a Comment

Disclaimer:

The information provided here is for informational purposes only and should not replace professional medical advice. Always consult a qualified healthcare practitioner for personalized guidance.

Send Distribution/Franchise Query

Name

Email *

Message *

Register your business at

Find pharmaceutical, cosmetics, nutraceutical, ayurveda and alternative medicine's distributors, franchise, suppliers query for free.

If you want to take distribution, franchise or associates with any pharmaceutical, cosmetic or ayush company then you can find it here...

Popular posts from this blog

How to promote Ayurvedic Products?

This article will helpful for you to counter your queries related to how to promote ayurvedic products, marketing plan for ayurvedic products, marketing plan for ayurvedic company, digital marketing for ayurvedic products etc. Ayurvedic products business is booming as awareness is increasing among individuals regarding side effects of allopathic medicines. People want to consume chemical free and organic products that don’t harm their health and help them to keep healthy. Ayurvedic products fulfill all criteria whether in FMCG section or in ayurvedic section as these are herbs made products and free from majority of side effects caused by chemical products. Currently ayurvedic products are not only providing good fight in every category of FMCG products but also to modern system of medicines. This creates an opportunity for new comer to set-up Ayurvedic Medicine Business which is increasing competition. To beat competition, we need effective tools for promoting own ayurved
2 comments
Read more

How to calculate Maximum Retail Price (MRP) including PTR/PTS of an Ayurvedic Medicine Company’s Products?

If you own an ayurvedic marketing company or ayurvedic manufacturing company then fixing or calculating maximum retail price (mrp) for your products is a crucial step. In this article, we will discuss about how to fix and calculate MRP for your products. Definition of Maximum Retail Price (MRP): A maximum retail price is a maximum cost that is to pay by consumer for any purchasing any product and/or service. Printing of MRP is compulsory for manufacturer to print at all products/services. Expert’s Opinion about Maximum Retail Price: A best Maximum Retail Price (MRP) should not be as high as it reaches out from buyer range and shouldn’t be as low as it doesn’t fulfil company’s expenses and cost as well as doesn’t categorize it as cheap/low quality product. A MRP is highest amount paid by consumer but a retailer may choose to sell it at lesser prices than MRP. A product/service could be sold out at less than MRP but can’t be sell more than printed Maximum Retail Price. Now come to cal
Post a Comment
Read more

Labelling and Packing Requirements for Ayurvedic, Siddha and Unani Medicines

An Ayurvedic, Siddha and Unani madicine should follow rules and regulation for manufacturing and packaging. In this article, we will discuss, what type of matter should be printed at these medicines packaging? There are two types of Ayurvedic, Siddha and Unani Medicines: 1. Classical Medicines 2. Patent or proprietary medicines Labelling requirements are same for both types of medicines expect classical medicines are sold with same name as mentioned in authoritative books whereas patent or proprietary medicines are sold with a particular brand name. Labelling Requirements for Indian Market: Every ayurvedic, siddha and unani medicine should be either printed or written in indelible inked lable or container having recommended information on it. There should be conspicuously displayed on the container or package of medicines, a true list of all ingredients with their botanical names and form of ingredients used with quantity of each ingredient. In case of classical
Post a Comment
Read more