Products/Product Pricing

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.