Creating a Price Detail Update for Item Category Type

This topic explains how to create a price detail update for the Item Category type in the Effective Date Pricing SuiteApp.

To create the price detail for an Item Category:

1. From the price update record, on the Prices subtab, click New Price Detail Update.

   The Price Update field group displays the information about the price update record.

   Note:

   The Price Update ID is a system-generated identifier that is unique to the price update record that you created.

2. In the Currency field, select the currency to be used in the price.

3. In the Price Level field, select the price level.

4. In the Quantity Pricing Level field, enter the quantity price level to which the update applies.

   Important:

   Make sure you enter the index (for example, 0, 1, 2, and so on) of the quantity-based price level in the item record. The index is the order in which the Quantity Pricing is placed in the item record, with the leftmost pricing level being 0.

   For more information about quantity-based pricing, see Using Quantity Pricing.

5. In the Category Price % Increase field, specify the percentage increase of the price update.

   You can enter values from –100 to 1000.

6. Check one of the boxes according to your round-off preference:

   • Round to .99 – Check this box to round off the updated price to the nearest .99 value.

   • Round to .00 – Check this box to round off the updated price to the nearest .00 value.

7. Click Save.

   The new price for the item category is applied to the item record when the start date occurs.

Rounding

For item category update types only, Effective Date Pricing includes an option to round off prices to the nearest .00 or .99. If you choose a rounding option when you apply a percentage discount or surcharge to an item, the price is automatically adjusted.

Note:

The rounding process adjusts the price to the nearest .99 or .00, by either increasing or decreasing the price. In some cases, this process leads to a price that is lower than the original price.

Example Price Adjustments

The examples in this topic show how rounding options effect the final price of an item with a price increase.

Example 1

The following table shows the results of a 5% price increase on two different base prices, with and without the rounding options selected.

Base Price	Adjusted Price (No Rounding Options Checked)	Adjusted Price with Round to .99 Option Checked	Adjusted Price with Round to .00 Option Checked
10.00	10.50	10.99	11.00
9.80	10.29	9.99	10.00

Example 2

The following table shows the results of a 4% price increase with and without rounding options selected.

Base Price	Adjusted Price (No Rounding Options Checked)	Adjusted Price with Round to .99 Option Checked	Adjusted Price with Round to .00 Option Checked
12.00	12.48	11.99	12.00

Related Topics

• Creating Price Detail Updates
• Creating a Price Detail Update for Item Type
• Creating a Price Detail Update for Customer Type
• Creating a Price Detail Update for Customer Group Type

General Notices