View source for Products/Pricing a product

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==What is Product pricing?==
Product Pricing is the process of determining what a merchant will receive in exchange for its product.
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==Where can I access the Product Pricing feature in the Store Manager?==
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Goto Store Manager > Products > Add New product.

[[File:Admin.png| left | frame| 1200px]]

In the Add New Product page you will see a section called “Pricing”.

[[File:ProductPricingnew.png| left| frameless | 1000px]]
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==How can I calculate the Pricing for a product?==
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Formula for Calculating the Net Price is as below
{| class="wikitable"

|-
|Discounted Price = MRP – (MRP * (Discount Rate/100))

|-
|Net Price = Discounted Price + (Discounted Price * Tax Rate/ 100) + Shipping Charges

|}
'''''For example:'''''
In the below figure the MRP is Rs. 1000.00, Discount Rate is 10.00%, Tax Rate is 2.00% and Shipping Charges are Rs.30.00. So by calculating the Discounted Price and Net Price.

So by calculating the Discounted Price and Net Price
{| class="wikitable"

|-
|Discount Price=1000.00 - (1000.00*(10.00/100)) =Rs.900.00

|-
|Net Price=900.00 + (900.00*(2.00/100) + 30.00=Rs.948.00

|}

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[[File:Pricingex.png]] 

If you have more queries or would like assistance with this please contact us on [mailto:support@shopnix.in support@shopnix.in].
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