Tiered pricing is a feature that allows you to grant your customers a discount if they purchase a certain number of given product or products in a single order.
There are three types of discount definitions:
- fixed value – which means that product's discounted base has to be calculated by you
- discount by percent (%) – where you enter the percentage of the discount by which product's base price should be reduced
- discount by value – where you enter the amount of which the price should be reduced
And there are four types of rules (quantity breaks) which control when on what condition the discount should be granted and how should be calculated:
- individual – the number of products entitling to a discount is taken for a specific product only, which means that other products in customer's cart will have no effect on the discount
- across all products – the quantity of all products in the cart will be summed up and the total will be taken into account
- same producer – the quantities of all products assigned to the specific producer will be summed up and the total will be taken into account
- same category – the quantities of all products assigned to the specific category will be summed up and the total will be taken into account
How to define tiered prices
In order to define tiered prices within a product you need to open its form in the back-end and then:
- select desired "Tier prices modifier".
- select "Quantity break" rule.
- within "Price tiers" section click on green + button to create new levels of your discounts or X button to remove them. Then for every tier define the quantity which should trigger the discount and the value.
The example from the screen shot above will grant:
- 5% discount on the specific product when customer purchase at least 10 pieces of this product or other products belonging to the same producer.
- 10% discount on the specific product when customer purchase at least 20 pieces of this product or other products belonging to the same producer.
With this functionality, you can create advanced and unique promotions and discounts.