Price lists can be used to implement many pricing models. You can use volume pricing to set the price of a product based on the number of items purchased. Bulk and Tiered pricing are two styles of volume pricing.

Bulk pricing calculates the price of a product based on the total quantity ordered. In the following example, hammers are priced at $20 each when you buy 1 to 10 hammers, $17 each when you buy 11 to 20 hammers, and $15 each when you buy 21 or more hammers.

Number of Hammers Purchased

Bulk Price per Item

Bulk Price Total

7 hammers

7 hammers @ $20 each

$140

14 hammers

14 hammers @ $17 each

$238

23 hammers

23 hammers @ $15 each

$345

Tiered pricing calculates the price of a product using fixed quantity or weight at different pricing levels. In the following example, hammers are priced at $20 for the first 10 purchased, $17 each for the next 10 purchased, and $15 each for any additional hammers.

Number of Hammers Purchased

Tiered Price per Item

Tiered Price Total

7 hammers

7 hammers @ $20 each

$140

15 hammers

10 hammers @ $20 each
5 hammers @ $17 each

$285

23 hammers

10 hammers @ $20 each
10 hammers @ $17 each
3 hammers @ $15 each

$415


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