Difference between revisions of "Products/Pricing a product"
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Latest revision as of 16:31, 5 February 2021
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.
In the Add New Product page you will see a section called “Pricing”.
How can I calculate the Pricing for a product?
Formula for Calculating the Net Price is as below
| 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
| 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 support@shopnix.in.