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Pricing

From Shopnix Help

Revision as of 17:16, 28 April 2014 by Subhrajit (talk | contribs) (How can I calculate the Pricing for a product?)

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.

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

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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

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


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