Each of the fields under the Prices tab is described in the following subsecNons—fill in the required fields plus any opNonal fields that you want to use:
1. Special Price
If you enter a Special Price, the original Price will be displayed with a red line through it, and the Special Price will be displayed. If you do not enter any dates, the Special Price will be in effect unNl you remove it. If you do enter dates, the Special Price will be in effect during the dates specified.
This is not the only place where you can determine the price of a product. You can also use an advanced feature called a Shopping Cart Price Rule. This rule can change the price of a product based on what other products are in the Shopping Cart. A Shopping Cart Price Rule takes effect in the Shopping Cart during the checkout process so that customers don't see them unNl they've added the Product to their carts. A Special Price is displayed on the catalog page so customers see it before they add the Product to their carts.
2. Tax Class
The Tax Class that you select here determines how the product gets taxed.
If you don't know what a Tax Class and a Tax Rule are, stop here and read Chapter 4 before proceeding.
In our demo store, we will give this Product a Tax Class of Food.
3. Tier Pricing
Tier Pricing enables you to give different prices for different quanNNes. Usually, you use this to give a discount for buying in bulk. You can apply Nered pricing to all, or to certain groups of customers.
There is more about Tiered Pricing in Chapter 7.
What just happened?
Your product now contains pricing informaNon. You have completed all of the mandatory informaNon for a product. Now, it's on to the opNonal informaNon under the rest of the tabs.
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