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| − | ==What is pricing?==
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| − | 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 Pricing feature in the Store Manager?==
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| − | Goto Store Manager > Products > Add New product.
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| − | [[File:Pr.png| left| 700px]]
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| − | In the Add New Product page you will see a section called “Pricing”.
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| − | [[File:AddNew.png| left| 700px]]
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| − | ==How can I calculate the Pricing for a product?==
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| − | [[File:Pricingex.png]]
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| − | Formula for Calculating the Net Price is as below
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| − | {| class="wikitable"
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| − | |-
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| − | |Discounted Price = MRP – (MRP * (Discount Rate/100))
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| − | |Net Price = Discounted Price + (Discounted Price * Tax Rate/ 100) + Shipping Charges
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| − | |}
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| − | '''''For example:'''''
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| − | 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.
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| − | So by calculating the Discounted Price and Net Price
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| − | {| class="wikitable"
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| − | |Discount Price=1000.00 - (1000.00*(10.00/100)) =Rs.900.00
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| − | |Net Price=900.00 + (900.00*(2.00/100) + 30.00=Rs.948.00
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| − | |}
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