Price rules provide the proper information for calculating pricing based on the products and their options. It could be a fixed amount, a percentage or an amount based on a formula from the item attributes values. The price rules build the formula for calculating price.
IMPORTANT: Editing or creating price rules should only be done with a complete understanding of the changes being made and any sequencing that may be affected.
Note: There is only one price rules file for a catalog, and it applies to every version of that catalog.
Follow the steps below to create a Price Rule from Scratch:
- With your catalog opened, go to the Pricing tab.
- Select the tab Price Rules.
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Select Start from scratch.
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Click + Rule.
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Fill in the Name and click Create.
Note: Rule Name will be used to create price rule code by replacing special characters and spaces with “_”. Make sure the name of the rule is informative enough to understand the purpose.
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Click on Value Type.
Note: you can choose between Amount, which is a fixed price, or Percentage, which is the percentage of the value.
When Percentage is selected, click on Applied To gear icon .
Note: Here you can decide the impact of the created rule. Then click Save.
Select Attribute RefCode if price is driven by Option selection (Door Styles, Finishes etc.), attribute reference codes carry the Option codes which are supposed to Influence product price.
Note: Fill in the ref Code and click Save. Product needs to have the AttributeRef Code listed which receives value from options and will be used in Price Rule.
Click on + Formula to add a rule which is used when price is calculated based on custom function.
Note: For example, to calculate square feet units we need to add formula:
“round(((width*height/144)+0.49),0)*[Price.BaseValue]”
After click Save.
For more information on price rule formulas, please refer this article here.