Price types in Magento and how the Price Rules work
Magento gives you with a lot of options for the prices of your products. You can configure special prices, timed promotions and much more. We will show you how it works.
Published on: Mar 4, 2016
Transcripts - Price types in Magento and how the Price Rules work
Price types in Magento
and how the Price Rules work
Available product prices
While creating or editing your Product in Price tab you will see 2
types of prices for product.
- Regular Price (Price field)
- Promotional Price:
To offer a Special Price, enter a discounted price and complete the date range
fields to establish when the promotion goes into effect. On both the catalog list
and product pages, the regular price is crossed out, and the Special Price
appears in bold red.
In the cart regular Price is
not displayed. One sees
only Special Price.
Allows you to define promotional prices per user’s Group/per Website.
Group price can be used with
such types of Magento products:
Tier pricing lets you offer a quantity discount from the catalog list and
product detail pages. The discount can be applied to a specific store view
or customer group.
•On the catalog page, the product price includes the words, “As Low As: $110.49”
•On the product page, the calculated quantity discount has the message:
Buy 2 for $__._ each and save _%
Buy 4 for $__._. each and save _%
The prices in the storefront take precedence from the highest to the lowest
quantity. Therefore, if you have a tier for the quantity 5 and one for the quantity
10 and a customer adds 5, 6, 7, 8 or 9 items to the shopping cart, then the
customer gets the discounted price that you specified for the quantity 5 tier.
As soon as the customer adds the 10th item, the discounted
price specified for the quantity 10 applies instead.
Types of prices in Magento
Price rules applied on Prices
Shopping cart rules discount
In case there is more than one price set for
the product and in Tier Price or Price and
(or) Special Price other values are set, the
cheapest price is chosen.
Price also can be updated through Magento price
rules, which are set in the menu section Promotions.
They allow to change the product’s price in accordance with the
present rules instead of changing the product’s attributes. This
way the rules are applied at the price received from attributes.
Catalog Price Rules
Catalog price rules can be used to selectively put products on sale under certain
conditions. Catalog price rules do not use coupon codes, because they are
triggered before a product is placed into the shopping cart.
It’s important ot remember that the discount is taken from the Regular Price, not
from the Special Price.
Shopping Cart Price Rules
Shopping cart price rules create discounts for orders at the checkout level, based
on a set of conditions. The discount can be applied automatically when the
conditions are met, or be applied when the customer enters a valid coupon code.
When applied, the discount appears on the shopping cart page under the
Pay attention that discount is applied on the current (!) price in the cart.
Do you have more questions?
Contact us at
and we’ll be happy to help you to configure your store!
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