1. User Guide
  2. Business Rules Administration
  3. Add-on Rate Rules
  4. Define the Breakage Charge Economic Loss Method
  5. Breakage Charges
  6. Breakage Charge - Fixed Percentage

3.14.6.1.3 Breakage Charge - Fixed Percentage

An alternative to the Fixed Amount Method, the Fixed Percentage approach allows you to input a percentage that is multiplied by the breakage amount to determine the Breakage Charge.

Figure 3-71 Add-on rate Rule Details – Add-On Rate Method as Fixed Percentage


Add-on rate Rule Details – Add-On Rate Method as Fixed Percentage

Calculation:

Breakage Charge = Break Amount x (Charge % / 100)

If the resulting amount is greater than the specified minimum charge, the calculated amount is output. Otherwise, the minimum charge will be output.