Tuesday, February 11, 2020

How to Mark a Magento 2 Produce Cost Price by Percentage?

Managing the changes in prices of your products in a Magento 2 e-commerce store is a difficult task for those who are inexperienced. Most store owners have to sometimes modify the prices of a product due to several reasons. If you want to mark a Magento 2 produce cost price by percentage then you can use a price markup extension which lets you edit the product price based on the current cost price by a percentage or on a fixed price basis.

There are a lot of extensions that can let you implement this feature in your Magento 2 store. You just have to do a thorough search on Google, Magento marketplace and Magento community to find better options.

Once you’ve downloaded & installed this Magento 2 extension, open the store backend and follow these steps:

Here are some steps which you can follow to implement the solution by using a Magento extension.

  • Creating a Percentage Cost Price Markup Rule:
  • Open Store Admin Panel and click on the extension which you are using:
  • Click on Manage Rules > Add a New Rule
  • Set Rule Name & proper Description
  • Select Customer Groups & Store Views
  • Set Percentage Cost Price Markup Duration & Set Rule Priority
  • Click on Conditions Tab
  • Apply Percentage Markup Rule to Products, by selecting Product Attributes like SKU, Category, etc.
  • Now navigate to Actions Tab,
  • Select Apply as Percentage of existing cost price
  • In Action Dropdown, select Add and Enter Percent Amount, 10, 5, etc.
  • Save the Percentage Markup Rule.
  • The percentage markup will be applied on product cost. So, you need to set the product cost at the products backend.
  • Add/Update Product Cost in Magento 2
  • To Add/Update Product Cost, follow these steps.
  • Click Catalog > Products
  • Open a Product in Edit Mode
  • Click Advanced Pricing
  • Once the following Popup window opens, Enter the Product Cost and Click Save.

If you still can’t figure out the right way to resolve this issue then find a good Magento 2 Development company with good repo and lots of experience.