> For the complete documentation index, see [llms.txt](https://kb.logicerp.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://kb.logicerp.com/logic-erp-learning-hub-tutorials-and-best-practices/setups/setup-items/setup-items-multiple-pack-sizes/configuration-multiple-packs-sizes/configuration-options-1/calculate-m.r.p.-from-basic-rate-+-group.md).
# Calculate M.R.P. from Basic Rate + Group
**YouTube:** [How to Calculate Item MRP Using Basic Rate + Item Group Margins?](https://www.youtube.com/watch?v=zkvg00yvY6g)
## How to Calculate Item MRP Using Basic Rate + Item Group Margins?
This tutorial demonstrates how to automatically calculate **MRP** based on the **basic rate plus margin group** while creating an item. With this feature, you can streamline your pricing process, ensure consistency, and reduce manual errors.
***
### Enable MRP Calculation Formula
* Navigate to: **Setup** and then expand **Setup Items.**
* Select **"Setup Items Multiple Packs/Sizes".**
* Click on **“Configuration”** to open the feature window.
* Locate the option labeled as:
> **“Calculate M.R.P. from Basic Rate + Group”**.
* **Activate** this option.
* Select the **group level** (e.g., Category, Sub-Category, Brand) on which you want to apply the margin percentage.
* Optionally, enable **Round Off MRP** if required.
***
### Define Margin Percentage
* Navigate to Setup/Setup Items and click to **Setup Item Groups**.
* Select the group you defined earlier (e.g., **Category Group**).
* Locate the **Margin Percentage for MRP** field.
* Enter the desired margin (e.g., **25% for Shirts Category**).
* Save the changes.
***
### Create an Item
* Return to the **Setup Item** window.
* Create a new item under the **Shirt category**.
* Enter the **Basic Rate**.
* The system will **automatically calculate the MRP** by adding the defined margin (e.g., Basic Rate + 25%).
Example: If Basic Rate = ₹1000 and Margin = 25%,\
the MRP is auto calculated as ₹1250.
***
### Benefits
* **Automation** – Eliminates manual MRP calculation.
* **Accuracy** – Ensures correct and consistent pricing.
* **Efficiency** – Simplifies item creation process.
* **Flexibility** – Margin can be set at group level (Category, Brand, etc.).
With this feature, you can maintain a **standardized pricing strategy** across categories and save valuable time in data entry.
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