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(How can I calculate the Pricing for a product?)
(How can I calculate the Pricing for 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.
 
  
==Where can I access the Product Pricing feature in the Store Manager?==
 
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]]
 
 
==How can I calculate the Pricing for a product?==
 
 
[[File:Pricingex.png| center]]
 
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 above figure the MRP is Rs. 1000.00,
 
Discount Rate is 10.00%,
 
Tax Rate is 2.00% and
 
Shipping Charges is Rs.30.00.
 
 
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
 
 
|}
 
 
 
If you have more queries or would like assistance with this please contact us on [mailto:support@shopnix.in support].
 

Latest revision as of 16:43, 8 July 2014