How to define my minimum and maximum prices through the general strategy ?
The definition of an overall strategy is mandatory. This strategy will define the minimum and maximum default prices that will be applied to each of your products.
Accessing the configuration screen
You can set or change this strategy via your application settings page. Then go to the Pricing tab.
Define my goals
You are then asked to set various parameters:
If you are in a "reference price" strategy:
- A minimum %.
- A maximum %.
The % will be applied to your reference prices.
To find out more about how your reference prices are defined, see this article : What is a reference price?
- An adjustment value
To find out more about how the adjustment of your prices works, consult this article :
Example:
- Reference price: Let's say your product has a reference price of €100
- Minimum %: Let's imagine that you define a value of -20
- maximum %: Let's say you set the value to +30
For this product, the calculation will be as follows:
- Minimum price = €90
- Maximum price = €130
If you are in a "Costs" strategy:
- A minimum margin %.
- A maximum margin %
The % will be applied to your product costs.
To find out more about how to define or import your product costs, see this article :
- An adjustment value
To find out more about how your price adjustment works, read this article:
- A default commission rate
- A default tax rate
Example:
- Costs: Let's say your product has a purchase price of €100
- Minimum % margin: Let's say you set a value of 20%.
- Maximum % margin: Let's say you set a value of 30%.
- Default commission rate = 10%.
- Default tax rate = 20%.
For this product, the calculation will be as follows:
- Minimum price = 142.85
- Maximum price = €166.7