X Percentage Value
How this promotion works
Here
Discount Percentage (D) is the fixed percentage discount
Maximum Discount Amount (MD) (optional) is a maximum limit to the discount
Offer Quantity (OQ)is the quantity of the product required
Example
Buy 2 shirts get 30% discount
Formula
Discount = MD or (Price*D/100)) whichever is minimum
Where
D = Percent Discount MD = Maximum discount amount OQ = Quantity of a product
In this example
CV = 1000 D = 30% OQ = 2
Therefore
Min(400, (1000* 30/ 1000)) = 300
Price of 2 shirts
1000
Coupon Discount
-300
===========================
TOTAL
700
Let's consider the following example
- Let's create a new promotion. Select the X Percentage Value from the list.
- Enter the basic details.
- Select the priority (1 being the lowest) and schedule. Higher the number, higher the priority.
- Set the restrictions whether you want the promotion to be stackable, final. For e.g. if you set it to stackable then this promotion can be applied to the product with other promotions. If you select final then no other promotions can be added after this.
- Add the rules that will be applied to the promotion. In this example, when 3 or more items are added to the cart a flat 15% discount will be applied.
- Set actions. Here you can set the discount percentage that will be applied to the product.
- Set the buying conditions, select the selling locations and click Create.
- Your promotion is created, you can navigate to the PDP page and add items to the cart to view the promotions applied.