Magento Commerce, 1.14.x

Prices

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.


Price Scope in Store Hierarchy

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.

The price that the customer ultimately pays can be influenced by a number of factors, including:

  • Regular Price

    The regular price is determined by the value assigned to the price attribute, which corresponds to the Price field on the Prices tab.

    Promotional Price

    A promotional price is determined by a catalog price rule, or by any of the following attributes:

    special_price

    group_price

    tier_price

Prices
Prices
  • Field Descriptions

    Field

    Scope

    Description

    Price

    Global

    The retail price of the product.

    Group Price

    Global

    Sets up promotional prices for specific customer groups within the selected website.

    Special Price

    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

    Website

    Sets the beginning date for the range of time the Special Price is offered.

    Special Price To Date

    Website

    Sets the ending date for the range of time the Special Price is offered.

    Tier Price

    Website

    Tier pricing is used to offer a quantity discount. The discount can be applied to specific customer groups within the selected website.

    Apply MAP

    Website

    When applied, hides the actual product price from the customer. Options include: Yes / No / Use Config

    Display Actual Price

    Website

    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.

    Manufacturer’s Suggested Retail Price

    Global

    The retail price as suggested by the manufacturer (MSRP).

    Tax Class

    Website

    (Required) Determines the tax class associated with the product. Options include:

    None

    The item is not subject to tax.

    Default

    The item is subject to the tax rules associated with the “default” tax class.

    Taxable Goods

    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.