Baseline Savings
Savings that are generated by the bid based on the historical cost of the item are known as baseline savings. The savings is calculated by deducting the price per unit from the historical cost multiplied by the total bid quantity.
If the value is negative, then it indicates that the current bid is more expensive than the bid based on the historical cost.
the formula expression for baseline savings is:
Baseline savings = (Historical cost - Price per unit) x Bid Quantity
You can view the Baseline Savings field on the Monitor tab of auctions.
The table below displays an example for baseline savings for 3 items.
| Item | Quantity | Baseline Unit Cost | Baseline (USD) | Current Bid Unit Cost | Current Bid (USD) | Baseline Savings (USD) | Baseline Savings % |
|---|---|---|---|---|---|---|---|
| 2 GB RAM | 100` | 20.00 | 2000.00 | 18.00 | 1800.00 | 200.00 | 10 |
| Keyboard | 100 | 5.00 | 500.00 | 4.80 | 480.00 | 20.00 | 4 |
| Mouse | 100 | 2.00 | 200.00 | 1.50 | 150.00 | 50.00 | 25 |