The scope of the base currency that is used for product prices can be configured to apply at either the global or website level. If applied at the global level, the same price is used throughout the store hierarchy. If the price configuration is set to the website level, the same product can be available at different prices in different stores. By default, the scope of catalog pricing is global.
Different factors can affect the price of the same product in one location and not another. For example, there might be additional costs to bring the product to market, and other considerations that impact the price of products sold in a specific store. The following illustration shows a multisite installation with the base currency set to the website level. In each store, the same product has a different price.
The Prices tab is used to establish the pricing structure that is associated with a product. Options include special and tier pricing, and manufacturer’s suggested retail price.
A promotional price is determined by a catalog price rule, or by any of the following attributes:
Sets up promotional prices for specific customer groups within the selected website.
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.
Special Price From Date
Special Price To Date
Sets the ending date for the range of time the Special Price is offered.
Display Actual Price
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.
Displays the actual product price
Displays the actual price according to the configuration setting.
Manufacturer’s Suggested Retail Price
(Required) Determines the tax class associated with the product. Options include:
The item is not subject to tax.
The item is subject to the tax rules associated with the “default” tax class.
The item is subject to the tax rules associated with the “Taxable Goods” tax class.
The manner in which product taxes are calculated is determined by the configuration of your store.