Pricing
From Shopnix Help
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)) =900.00 Net Price=900.00 + (900.00*(2.00/100) + 30.00=948.00