Difference between revisions of "Pricing"
From Shopnix Help
(Created page with "==What is pricing?== Pricing is the process of determining what a merchant will receive in exchange for its product. ==Where can I access the Pricing feature in the Store Man...") |
(→How can I calculate the Pricing for a product?) |
||
| Line 10: | Line 10: | ||
Discounted Price = MRP – (MRP * (Discount Rate/100)) | Discounted Price = MRP – (MRP * (Discount Rate/100)) | ||
| + | |||
| + | |||
Net Price = Discounted Price + (Discounted Price * Tax Rate/ 100) + Shipping Charges | Net Price = Discounted Price + (Discounted Price * Tax Rate/ 100) + Shipping Charges | ||
| Line 18: | Line 20: | ||
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)) =900.00 | + | Discount Price=1000.00 - (1000.00*(10.00/100)) =Rs.900.00 |
| − | Net Price=900.00 + (900.00*(2.00/100) + 30.00=948.00 | + | |
| + | Net Price=900.00 + (900.00*(2.00/100) + 30.00=Rs.948.00 | ||
Revision as of 15:55, 25 April 2014
What is pricing?
Pricing is the process of determining what a merchant will receive in exchange for its product.
Where can I access the 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 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
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