Magento Community Edition supports a number of pricing options that you can use for promotions, and to meet minimum advertised price requirements. You can use the Prices tab to establish the pricing structure of the product. Options include special and tier pricing, and manufacturer’s suggested retail price. We will discuss product pricing in Magento.
Product Pricing in Magento
The retail price of the product.
FIELD: Group Price
Sets up promotional prices for specific customer groups within the selected website.
FIELD: Special Price
To offer a Special Price, enter a discounted price and complete the date range fields to establish when the promotion goes into effect.
When available, the retail price is crossed out and the special price appears below in a large, bold font.
FIELD: Special Price From Date
Sets the beginning date for the range of time the Special Price is offered.
FIELD: Special Price To Date
Sets the ending date for the range of time the Special Price is offered.
FIELD: Tier Price
Tier pricing is used to offer a quantity discount. The discount can be applied to specific customer groups within the selected website.
FIELD: Apply MAP
When applied, hides the actual product price from the customer. Options include: Yes / No / Use Config
FIELD: Display Actual Price
Determines when the customer can see the actual product price. Options include:
In Cart: Displays the actual product price in the shopping cart.
Before Order Confirmation: Displays the actual product price only at the end of the checkout process, just before the order is confirmed.
On Gesture: Displays the actual product price
Use Config: Displays the actual price according to the configuration setting.
FIELD: Manufacturer’s Suggested Retail Price
The retail price as suggested by the manufacturer (MSRP).
FIELD: Tax Class
The tax class associated with the product.
Topics in the Products section:
- Product Information and Creation
- Inventory: Introduction and Setup
- Inventory: Managing Stock
- Inventory: Stock Availability Messages
- Inventory: Out of Stock Threshold
- Inventory: Products Alerts
- Product Pricing: Price Section
- Product Pricing: Special Price Section
- Product Pricing: Tier Price Section
- Product Pricing: Package Price Section
- Product Pricing: Minimum Advertised Price Section
- Product Pricing: Product Group Price Section
- Product Images
If you have any questions about using or upgrading to Magento, or even converting to responsive design for your existing website, do not hesitate to contact us.